A Firm's Average Variable Cost Is $90, Its Total Fixed

question 5

Multiple Choice

A firm's average variable cost is $90, its total fixed cost is $10,000, and its output is 1,000 units. Its total cost is

• A) less than $85,000.
• B) between $85,000 and $95,000.
• C) between $95,000 and $105,000.
• D) more than $105,000.