Assume that in the short run a firm is producing 1,000 units of output, has average total costs of $100 and has average variable costs of $75. The firms total fixed cost are. A. $25,000 B. $40 C.$0.03 D. $25
Assume that in the short run a firm is producing 1,000 units of output, has average total costs of $100 and has average variable costs of $75. The firms total fixed cost are. A. $25,000 B. $40 C.$0.03 D. $25
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 6SQP
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Assume that in the short run a firm is producing 1,000 units of output, has average total costs of $100 and has average variable costs of $75. The firms total fixed cost are.
A. $25,000
B. $40
C.$0.03
D. $25
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