Exhibit 7-5 -In Exhibit 7-5, What Is Fixed Cost at 15 Units

question 119

Multiple Choice

Exhibit 7-5

-In Exhibit 7-5, what is fixed cost at 15 units of output?

• A) $0
• B) $10
• C) $30
• D) it is impossible to calculate fixed cost unless we know the daily wage
• E) it is impossible to calculate fixed cost unless we know variable cost at Q = 0

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