Answered: In the short run, if average variable…

In the short run, if average variable cost equals $50, average total cost equals $75, and output equals 100, the total fixed cost must be: Select one: A. $2,500. B. $25. C. $7,500. D. $5,000.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 7SQP

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Question

In the short run, if average variable cost equals $50, average total cost equals $75, and output equals 100, the total fixed cost must be:

Select one:

A. $2,500.

B. $25.

C. $7,500.

D. $5,000.

Definition Definition Total cost of producing a certain quantity of a good, divided by the quantity produced. It is the sum of all costs (fixed and variable) required to produce one unit of output.

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