At an output of zero, ________ is zero.
A. total variable cost
B. total cost
C. total fixed cost
D. All of the above are correct.
Answer: A
You might also like to view...
Use the following graph to answer the next question.
The short-run equilibrium for this economy is at ________.
A. point e B. point f C. point g D. none of these points
The above figure shows the market demand curve for telecommunication while driving one's car (time spent on the car phone). At the current price of $0.35 per minute, consumer surplus equals
A) $301.00. B) $924.50. C) $1,225.50. D) $1,250.00.
The price of milk increases. Which of the following is NOT part of the likely chain of events that follows from this price change?
A) Some milk consumers reduce their consumption of milk. B) Milk producers increase their production of milk. C) The producers of feed for dairy cows increase production. D) The manufacturers of milking machines lay off some workers.
For a small-denomination certificate of deposit to be included in M2 it must be a denomination of less than
A. $2,500,000. B. $1 trillion C. $100,000. D. $1,000.