The table given below shows the total cost of producing different units of the output by a competitive firm. Table 21.4
Which of the following is correct if the firm described in Table 21.4 decides to produce nothing?
A) Total cost will be zero.
B) Total fixed cost will be zero.
C) Total variable cost will be zero.
D) Average cost will be zero.
E) It is impossible for the firm to produce nothing in the short run.
Correct Answer:
Verified
Q44: The table given below shows the total
Q44: According to economic theory,the difference between the
Q45: The table given below shows the average
Q46: The table given below shows the total
Q48: The table given below shows the average
Q49: The table given below shows the average
Q51: In the long run,total variable cost:
A)is equal
Q51: The table below shows the total cost
Q53: The table given below shows the total
Q54: The table given below shows the average
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