In the Short Run,when a Firm Produces Zero Output,variable Cost

question 4

Multiple Choice

In the short run,when a firm produces zero output,variable cost equals

• A)Zero.
• B)Total cost.
• C)Fixed cost.
• D)Marginal cost.

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Definitions:

Train Cars

Connected, wheeled vehicles used collectively for the purpose of transporting goods or passengers along a railway track.

Strong Generalization

A statement about all members of a group or category that is made on the basis of evidence for some members, assuming it applies universally with little to no exceptions.

Single Instance

A reference to an argument or conclusion drawn from one example or case, which may not be sufficiently representative.

Representative

An individual who acts on behalf of others, typically in a legislative or formal setting, or a sample that accurately reflects the characteristics of a larger group.