If Total Costs Are $30,000 at an Output of 2,000

question 20

Multiple Choice

If total costs are $30,000 at an output of 2,000 units and $45,000 at an output of 3,500 units, and variable costs are $10 per unit, total fixed costs are:

• A)$15,000
• B)$10,000
• C)$20,000
• D)$25,000