Statement I: in the Short Run,when Output Is Zero,total Cost

question 198

Multiple Choice

Statement I: In the short run,when output is zero,total cost is zero.
Statement II: Average fixed cost plus average variable cost equals average total cost.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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