Exhibit 10-9 -If the Firm in Exhibit 10-9 Produces 100 Units of 100

question 138

Multiple Choice

Exhibit 10-9
-If the firm in Exhibit 10-9 produces 100 units of output, it will have

• A) both d and e
• B) variable cost of slightly less than $800
• C) fixed cost of slightly more than $700
• D) total cost of $1,500
• E) total revenue of $800