Based on the figure above, curve B is the firm's
A) marginal cost curve.
B) total cost curve.
C) average total cost curve.
D) total variable cost curve.
E) total fixed cost curve.
D
You might also like to view...
The federal minimum wage law seeks to
a. maximize employment for low wage occupations. b. shift employment from low wage to high wage industries. c. create a floor for wages. d. index wages to the CPI.
Overseas investments by U.S. citizens show up in the U.S. balance of payments as
a. credit items. b. debit items. c. current account items. d. investment income.
The federal government receives most of its revenue from three sources: personal income tax, corporate income tax, and payroll tax.
Answer the following statement true (T) or false (F)
Suppose your donut shop earns $25,000 in total revenues per month with explicit costs of $12,000 and opportunity costs of $8,000. Your accounting profit is
A) $45,000. B) $13,000. C) $33,000. D) zero.