Reference: Ref 11-3 (Table: Competitive Firm) Refer to the table. The fixed cost for this firm is:
A) $80.
B) $90.
C) $50.
D) $100.

Name: Reference: Ref 11-3 (Table: Competitive Firm) Refer to the table. The fixed cost for this firm is: A) $80. B) $90. C) $50. D) $100.
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Question

Reference: Ref 11-3 (Table: Competitive Firm) Refer to the table. The fixed cost for this firm is:
A) $80. 
B) $90. 
C) $50. 
D) $100.

Quizplus · Accepted Answer

The fixed cost is the same for all levels of output. In this case, the fixed cost is $50 for all levels of output.

Reference: Ref 11-3 (Table: Competitive Firm) Refer to the Table