Assume a Firm Is Currently Producing 100 Units of Output,total

question 12

Multiple Choice

Assume a firm is currently producing 100 units of output,total fixed costs are $10,000,and average variable costs are $8.Based on this information we can conclude,with certainty,that the firm's:

• A)marginal costs are $8.
• B)total variable costs are $8000.
• C)average fixed costs are $2.
• D)total costs are $10,800.