Maria's sandwich shop finds that when it caters 45 meals a week, its total cost is $8,500. If Maria has total variable cost of $6,500, what is Maria's total fixed cost? Select one: O a $1,500 O b. $2,000 OC. $6,500 O d. $8,500

Maria's sandwich shop finds that when it caters 45 meals a week, its total cost is $8,500. If Maria has total variable cost of $6,500, what is Maria's total fixed cost? Select one: O a $1,500 O b. $2,000 OC. $6,500 O d. $8,500

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 3CQQ

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Question

Maria's sandwich shop finds that when it caters 45 meals a week, its total cost is $8,500. If Maria has
total variable cost of $6,500, what is Maria's total fixed cost?
Select one:
Oa. $1,500
O b. $2,000
O c. $6,500
Od. $8,500

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