A short-run total cost schedule is a total variable cost schedule shifted ________ by the amount of total fixed cost cost.
A) downward
B) to the right
C) upward
D) to the left

Question

Quizplus · Accepted Answer

A short-run total cost schedule is obtained by adding total variable costs and total fixed costs together. Since total fixed cost is a constant amount added to the total variable cost, this shifts the total cost curve upward, not in any horizontal direction.

A Short-Run Total Cost Schedule Is a Total Variable Cost