A firm is producing 200 units of output at a total cost of $1,000.The firm's average variable cost equals $4 per unit.Total fixed cost:
A) equals $1,000.
B) equals $800.
C) equals $200.
D) equals $2.
E) cannot be determined from the information provided.
Correct Answer:
Verified
Q74: Total variable costs:
A) are costs associated with
Q82: Average variable cost:
A) first decreases then increases
Q86: The average total cost of producing laptop
Q90: If total cost increases as output increases,
Q92: If Randy's fixed cost totals $800 with
Q93: Average fixed cost is:
A) total cost divided
Q93: Given the following information about the
Q94: In the short run, an expansion of
Q95: Which of the following is most likely
Q166: Assuming fixed costs are positive,over a range
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents