Answered: If the total quantity is 100, the…

If the total quantity is 100, the average fixed cost is 10, then we can say that the total fixed cost is ____. a. 10 b. 1000 c. 100 d. 10000

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter21: Production And Costs

Section: Chapter Questions

Problem 10QP

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Concept explainers

Short-Run Costs and Long-Run Costs

Cost of short-run and the long-run is an economic term that describes the cost involved in the production of goods in a firm in the short as well as long period.

Question

46. If the total quantity is 100, the average fixed cost is 10, then we can say that the total fixed cost is ____.

1000

100

10000

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