The Following Table Shows the Short-Run Total Cost Data for a Firm

question 228

Multiple Choice

The following table shows the short-run total cost data for a firm. All of the following are correct, except that the firm has

• A)economies of scale.
• B)fixed costs of $80.
• C)constant marginal cost.
• D)an average fixed cost of $20 at 4 units of output.

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Definitions:

Try Block

A block of code that is attempted to be executed in programming, with potential errors caught by a catch block.

Exception Occurs

Refers to a runtime error in programming that disrupts the normal flow of the program's instructions.

GetMessage

'GetMessage' is generally a method or function in programming that retrieves a message or data. In the context of software libraries or APIs, it commonly refers to obtaining a text message or specific data from a source.

PrintStackTrace

A method used in Java to print a description of the stack trace of an exception to the standard error stream, helping in debugging.