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The Table Given Below Shows the Total Fixed and Variable

Question 99

Multiple Choice

The table given below shows the total fixed and variable costs of a firm. Table 7.3
The table given below shows the total fixed and variable costs of a firm. Table 7.3 If the firm described in Table 7.3 decides to produce nothing, which of the following would be true? A) Total cost will become zero. B) Total variable cost will become $30. C) Total cost will equal $40. D) Average total cost will equal zero. E) Marginal cost will equal $10. If the firm described in Table 7.3 decides to produce nothing, which of the following would be true?


A) Total cost will become zero.
B) Total variable cost will become $30.
C) Total cost will equal $40.
D) Average total cost will equal zero.
E) Marginal cost will equal $10.

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