A short-run total cost schedule is a ________ cost schedule shifted upward by the amount of ________ cost.
A) total fixed; marginal
B) marginal; total variable
C) total variable; total fixed
D) total variable; marginal

Question

Quizplus · Accepted Answer

A short-run total cost schedule is derived by adding total fixed costs to the total variable cost schedule, thus shifting the total variable cost schedule upward by the amount of total fixed costs.

A Short-Run Total Cost Schedule Is a ________ Cost Schedule