Multiple Choice
A firm has average fixed costs of $0.20 and average variable costs of $2.50 at an output of 500 units. The firm's total costs are therefore
A) $1,250.
B) $1,350.
C) $1,150.
D) $1,500.
Correct Answer:
Verified
Related Questions
A firm has average fixed costs of $0.20 and average variable costs of $2.50 at an output of 500 units. The firm's total costs are therefore
A) $1,250.
B) $1,350.
C) $1,150.
D) $1,500.
Correct Answer:
Verified
