Table 12-1 Table 12-1 Shows the Short-Run Cost Data of a Perfectly

question 67

Multiple Choice

Table 12-1

Table 12-1 shows the short-run cost data of a perfectly competitive firm that produces plastic camera cases. Assume that output can only be increased in batches of 100 units.
-Refer to Table 12-1.What is the fixed cost of production?

• A)$0
• B)$500
• C)$1,000
• D)It cannot be determined.

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