The textbook defines any business with less than __________ in assets to be "small."

Refer to the figure above. The slope of the production function between ________ and ________ indicates negative returns to labor

A) Point B; Point C B) Point A; Point C C) Point A; Point B D) the origin; Point A

Pat's Catering finds that when it caters 20 meals a week, its total cost is $6,000. If Pat has total variable cost of $5,000, what is Pat's total fixed cost?

A) $50 B) $250 C) $1,000 D) $6,000