In the Long Run,total Cost Is Equal to Total Fixed

question 106

True/False

In the long run,total cost is equal to total fixed cost at an output of zero.

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Definitions:

X-intercepts

The points where a graph crosses the x-axis, indicating where the value of \(y\) is zero.

Y-intercepts

Points where a graph intersects the y-axis, typically represented as (0, y).

Sketch

A graphical representation or rough drawing of a concept, object, or scenario.

Equation

A mathematical statement asserting the equality of two expressions, typically involving one or more variables.