Which of the following is why the total cost (TC) curve does not start at the origin? a) TC never goes down B) Having variable costs in TC C) Having marginal costs in TC D) earning normal profit TO) Having fixed costs in TC

Which of the following is why the total cost (TC) curve does not start at the origin? a) TC never goes down B) Having variable costs in TC C) Having marginal costs in TC D) earning normal profit TO) Having fixed costs in TC

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

8 -

Which of the following is why the total cost (TC) curve does not start at the origin?

a)	TC never goes down

B)	Having variable costs in TC

C)	Having marginal costs in TC

D)	earning normal profit

TO)	Having fixed costs in TC

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