Figure 13-5 -Refer to Figure 13-5.Why Doesn't the Total Cost Curve Begin

question 212

Multiple Choice

Figure 13-5
-Refer to Figure 13-5.Why doesn't the total cost curve begin at the origin (the point 0,0) ?

• A) because variable costs are positive when output is zero
• B) because fixed costs are positive when output is zero
• C) because the firm is producing at the efficient scale
• D) because the firm is maximizing profits

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A set of established methods or steps taken to perform a task or solve a problem.

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A methodical and systematic approach to completing tasks or achieving goals, emphasizing planning and structure.