The Following Figure Represents the Short-Run Total Cost Function for the Fidget

question 24

Multiple Choice

The following figure represents the short-run total cost function for the Fidget Company,which produces widgets.The fixed costs are:

• A) FC = $100.
• B) FC = 10Q.
• C) FC = 5Q².
• D) FC = $500.
• E) not estimable from the information given.