-Figure 7-6 shows the total cost for six different levels of output for a particular firm.Total fixed cost (TFC)if five units of output are produced is
A)$1,700
B)$540
C)$1,000
D)$100
E)$2,700

Question

-Figure 7-6 shows the total cost for six different levels of output for a particular firm.Total fixed cost (TFC)if five units of output are produced is
A)$1,700 
B)$540 
C)$1,000 
D)$100 
E)$2,700

Quizplus · Accepted Answer

Total fixed cost (TFC) remains constant regardless of the level of output. If the total cost at zero output is $1,000, then TFC is $1,000 at any level of output, including five units.

-Figure 7-6 Shows the Total Cost for Six Different Levels