Total Cost

question 188

Multiple Choice

Total cost:

• A) increases directly with increases in total variable cost.
• B) is zero at zero output.
• C) is fixed in total no matter how much is produced.
• D) increases directly with increases in total fixed cost.
• E) None of these alternatives is correct.

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Definitions:

Mutual Fund

An investment company that pools individual investor dollars and invests them in large numbers of well-diversified securities.