Assume That in the Short Run a Firm Is Producing

question 389

Multiple Choice

Assume that in the short run a firm is producing 100 units of output, has average total costs of $200, and has average variable costs of $150. The firm's total fixed costs are.

• A)$5,000.
• B)$500.
• C)$0.50.
• D)$50.

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Definitions:

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