The Lawn Ranger, a landscaping company, has total costs of $4,000 and total variable costs of $1,000. The Lawn Ranger's total fixed costs are
A. $0.
B. $3,000.
C. $5,000.
D. indeterminate because the firm's output level is not known.
Answer: B
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Answer the following statement true (T) or false (F)
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