The Table Given Below Shows the Average Total Cost of Production

question 87

Multiple Choice

The table given below shows the average total cost of production of a firm at different levels of the output.Table 8.5

-In the short run when output is zero, total cost is:

• A)equal to total variable cost.
• B)greater than total fixed cost.
• C)equal to total fixed cost.
• D)less than total fixed cost.
• E)less than total variable cost.

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