The Farley Farm, a Dairy Company, Has Total Costs of $15,000

question 225

Multiple Choice

The Farley Farm, a dairy company, has total costs of $15,000 and total variable costs of $2,000. The Farley Farm's total fixed costs are

• A) $0.
• B) $13,000.
• C) $17,000.
• D) indeterminate because the firm's output level is not known.

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