Chuck owns a factory that produces leather footballs.His total fixed cost equaled $86,000 last year.His total cost equaled $286,000 last year.Hence Chuck's
A) total variable cost was zero.
B) incurred an economic loss.
C) total variable cost equaled $200,000.
D) total variable cost equaled $372,000.
E) None of the above answers is correct.
Correct Answer:
Verified
Q112: Which of the following costs can be
Q113: The total variable cost curve _ because
Q114: If 25 workers can pick 100 flats
Q115: If 6 workers can wash 42 cars
Q116: In the short run,firms increase output
A) only
Q118: Which of the following is correct?
A) The
Q119: In the short run,a firm cannot change
Q120: The change in cost that results from
Q121: Q122: 
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