In the short run when output is zero, total cost is:
a. equal to total variable cost.
b. greater than total fixed cost.
c. equal to total fixed cost.
d. less than total fixed cost.
e. less than total variable cost.
c
Economics
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What will be an ideal response?
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Which of the following will cause the marginal cost curve of making cigarettes to shift?
A) a $5 million penalty charged to each cigarette maker B) a $1 per pack tax on cigarettes C) a $1 million advertising campaign by the American Cancer Society D) All of the above.
Economics