Suppose a firm has an output of 10,000 cans and a total fixed cost of $2,000 . At an output of 5,000 the difference between the total cost and the total variable cost is:

a. b and c.
b. $0.40.
c. the average fixed cost.
d. $2,000.
e. $0.20.

d

Economics

You might also like to view...

Real world economic data supports the view that higher interest rates are associated with ________

A) higher saving and consumption B) lower saving and higher consumption C) higher saving and lower consumption D) lower saving and consumption

Economics

A nation's infrastructure includes all of the following except its

a. market system b. educational system c. energy system d. railroad system e. religious system

Economics