Figure 13-6 -Refer to Figure 13-6. Why Doesn't the Total Cost Curve

question 605

Multiple Choice

Figure 13-6
-Refer to Figure 13-6. Why doesn't the total cost curve begin at the origin (the point 0,0) ?

• A)because variable costs are positive when output is zero
• B)because fixed costs are positive when output is zero
• C)because the firm is producing at the efficient scale
• D)because the firm is maximizing profits

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Definitions:

Income Statement

A financial statement that shows the income, expenses, and profits over a specific period, indicating the financial performance of a business.