In the short run , a firms total cost is $200 if it does not produce any units of output. Its variable cost is $10 per unit . If the firm produces 5 units , variable costs are ____________, while fixed costs are_____________ a) $20; $200 b)$20; $250 c) $50;$200 d)$50;$250 e) $250;$450

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Q: Which of the following is true in the short run at the output level where average total cost is at…

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A:

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Short-Run Costs and Long-Run Costs

Cost of short-run and the long-run is an economic term that describes the cost involved in the production of goods in a firm in the short as well as long period.