When Output Is 500, a Firm's Fixed Costs Are $10,000

question 12

Multiple Choice

When output is 500, a firm's fixed costs are $10,000 and its variable costs are $15,000. The firm's total costs are therefore:

• A) $ 5,000.
• B) $10,000.
• C) $15,000.
• D) $25,000.

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