If Melissa Owns a Software Company That Incurs No Fixed

question 180

Multiple Choice

If Melissa owns a software company that incurs no fixed costs,then

• A) her total cost equals her total variable cost.
• B) she will earn an economic profit.
• C) her total variable cost is less than her total cost.
• D) her total cost equals zero.
• E) her marginal cost must equal zero.

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Definitions:

Milliliters (mL)

A metric unit of volume equal to one-thousandth of a liter, commonly used to measure liquids.

Teaspoon (tsp)

A unit of measure typically used in cooking, equivalent to approximately 5 milliliters.

Equivalent Fractions

Fractions that have different numerators and denominators but represent the same value or proportion of a whole.

Proportions

The relationship in size, amount, or degree between different parts of a whole.