Assume that in the short run a firm is producing 1,000 units of output, has average total costs of $100 and has average variable costs of $75. The firms total fixed cost are. A. $25,000 B. $40 C.$0.03 D. $25
Assume that in the short run a firm is producing 1,000 units of output, has average total costs of $100 and has average variable costs of $75. The firms total fixed cost are. A. $25,000 B. $40 C.$0.03 D. $25
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter5: Investment Decisions: Look Ahead And Reason Back
Section: Chapter Questions
Problem 10MC
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Assume that in the short run a firm is producing 1,000 units of output, has average total costs of $100 and has average variable costs of $75. The firms total fixed cost are.
A. $25,000
B. $40
C.$0.03
D. $25
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