Question

e. we cannot calculate fixed cost If a firm shuts down in the short run and produces no ousput, its b. 6. total cost will be e. d. e. equal to total variable cost equal to total fixed cost equal to explicit costs only impossible to calculate Exhibit 7-18 3/0 el $1 Q/t 10 7. In Exhibit 7-8, the vertical distance between lines B and C at any level of output represents a. marginal cost b. average total cost c. average variable cost d average fixed cost e. average marginal cost 8. In Exhibit 7-8, when output is 10 total cost equals S10 b. a. fixed cost equals SI variable cost equals $10 d. c. marginal cost equals $10 e. fixed cost equals S10 In Exhibit 7-8, when output is 10, a. b. 9. total cost equals $80 fixed cost equals $10 variable cost equals $70 c. marginal cost equals $10 d. e. fixed cost equals $7 10. In Exhibit 7-8, curve B represents a. marginal cost b. average total cost c. average variable cost

Answer 1

ANSOER epnsets " c" over aye variable c。st Cost

qual ho avtTaye hred cast and averaje Va tadThexhor averay variable s CfUt output to , AFC is $1, C overage vayiahle cah