Output A. 0 1 2 3 5 6 Total Fixed Cost 12 12 12 12 12 12 12 Total Variable Cost OB. The firm is in the long run C. Both A and B D. Impossible to determine from the information given in the table. 0 5 9 14 21 31 Which of the following is true about the firm whose costs are described in the above table? The firm is in the short run 44
Output A. 0 1 2 3 5 6 Total Fixed Cost 12 12 12 12 12 12 12 Total Variable Cost OB. The firm is in the long run C. Both A and B D. Impossible to determine from the information given in the table. 0 5 9 14 21 31 Which of the following is true about the firm whose costs are described in the above table? The firm is in the short run 44
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
I need answer typing clear urjent no chatgpt i will give upvote

Transcribed Image Text:A.
Output
OC.
0
D.
1
2
3
4
5
6
Total Fixed Cost
12
12
12
12
12
12
12
The firm is in the long run
B.
Both A and B
Impossible to determine from the information given in the table.
Total Variable Cost
0
5
9
14
Which of the following is true about the firm whose costs are described in the above table?
The firm is in the short run
21
31
44
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