Suppose a firm is producing 10 000 units of output.At this level of output,average total cost is $200 and average fixed cost is $20.It can be concluded that total variable cost is
A) $180.
B) $1800.
C) $18 000.
D) $180 000.
E) $1 800 000.
Correct Answer:
Verified
Q96: The following data show the total output
Q97: The following data show the total output
Q98: Jodi recently went into business producing widgets.Which
Q99: The following data show the total output
Q100: In economics,the term "fixed costs" means
A)implicit costs.
B)opportunity
Q102: Consider a firm's short-run cost curves.Which one
Q103: Consider a firm's short-run cost curves.When capital
Q104: Suppose a firm with the usual U-shaped
Q105: Suppose a firm is producing 500 units
Q106: Suppose a firm with the usual U-shaped
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents