Table 5.6
Complete the following table,and use the information in the table to answer the question(s)below.
-In Table 5.6,total fixed costs are equal to:
A) $0 because the problem involves the long run.
B) $4.
C) $15.
D) $23.

Question

Table 5.6
Complete the following table,and use the information in the table to answer the question(s)below. 
-In Table 5.6,total fixed costs are equal to:
A) $0 because the problem involves the long run. 
B) $4. 
C) $15. 
D) $23.

Quizplus · Accepted Answer

Total fixed costs are equal to the sum of the fixed costs for each level of output. In the table, the fixed costs for each level of output are $3, $6, $9, $12, and $15. Therefore, the total fixed costs are $3 + $6 + $9 + $12 + $15 = $45, which corresponds to option C ($15) as the correct answer. Option A is incorrect because the problem does not necessarily involve the long run. Option B is incorrect because $4 is not the sum of fixed costs. Option D is incorrect because $23 is not the sum of fixed costs.

Table 5.6 Complete the Following Table,and Use the Information in the Table