In the short run,when output is zero,________ costs are zero.
A) total variable
B) total fixed
C) total
D) opportunity
E) market entry

Question

Quizplus · Accepted Answer

In the short run, when output is zero, total variable costs are zero because variable costs change with the level of output. If there is no output, there are no variable costs incurred. Total fixed costs, however, remain constant regardless of the level of output.

In the Short Run,when Output Is Zero,________ Costs Are Zero