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Title: Suppose that a firm is currently producing 500 units of output. At this level of output, AVC is $1 ... Post by: mbowdish on Mar 4, 2019 Question 1. The firm's short-run costs contain• both variable and fixed costs. • only variable costs. • only opportunity costs. • only fixed costs. Question 2. Suppose that a firm is currently producing 500 units of output. At this level of output, AVC is $1 per unit, and TFC is $500. What is the firm's TC?• $1,500 • $501 • $500 • $1,000 Title: Suppose that a firm is currently producing 500 units of output. At this level of output, AVC is $1 ... Post by: crdsa on Mar 4, 2019 Answer 1 both variable and fixed costs.Answer 2 $1,000 |