Table 7-1
Table 7-1 shows the short-run cost data of a perfectly competitive firm that produces plastic camera cases. Assume that output can only be increased in batches of 100 units.
-Refer to Table 7-1.What is the fixed cost of production?
A) $0
B) $500
C) $1000
D) It cannot be determined.

Question

Table 7-1
  Table 7-1 shows the short-run cost data of a perfectly competitive firm that produces plastic camera cases. Assume that output can only be increased in batches of 100 units.
-Refer to Table 7-1.What is the fixed cost of production?
A) $0 
B) $500 
C) $1000 
D) It cannot be determined.

Quizplus · Accepted Answer

The Answer of Table 7-1
  Table 7-1 shows the short-run cost data of a perfectly competitive firm that produces plastic camera cases. Assume that output can only be increased in batches of 100 units.
-Refer to Table 7-1.What is the fixed cost of production?
A) $0 
B) $500 
C) $1000 
D) It cannot be determined.

Table 7-1 Table 7-1 Shows the Short-Run Cost Data of Data