In the Short Run,when a Firm Produces Zero Output,variable Cost

question 88

Multiple Choice

In the short run,when a firm produces zero output,variable cost equals

• A)Zero.
• B)Total cost.
• C)Fixed cost.

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Definitions:

Incidental Beneficiary

A third party who incidentally benefits from a contract but whose benefit was not the reason the contract was formed. An incidental beneficiary has no rights in a contract and cannot sue to have the contract enforced.

Intended Beneficiary

A third party for whose benefit a contract is formed; an intended beneficiary can sue the promisor if such a contract is breached.

Incidental Beneficiary

A non-contracted third party who unintentionally benefits from a contract.

Intended Beneficiary

A person or entity for whom a contract is specifically designed to benefit, often having the right to enforce the contract's terms.