A firm's average variable cost is $90, its total fixed cost is $10,000, and its output is 1,000 units. Its total cost is
A) less than $85,000.
B) between $85,000 and $95,000.
C) between $95,000 and $105,000.
D) more than $105,000.
C
Economics
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For a perfectly competitive firm, at the profit-maximizing output average revenue equals marginal cost
Indicate whether the statement is true or false
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What is a trade credit?
a. A credit card purchase b. A government loan for exporters c. The extension of a period of time before which an importer must pay for goods and services purchased d. An IMF loan to meet trade deficit and liabilities for hard currencies e. The time it takes for franchisees to pay for the products they obtain from the main franchiser
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