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KatharinaR KatharinaR
wrote...
Posts: 303
6 years ago
If, in the short run, the level of output is zero, which of the following statement is TRUE?
A) Total variable cost is zero but total cost equals total fixed cost, and both of the latter exceed zero.
B) Total cost and total fixed cost graphs will begin at the origin.
C) Total fixed cost will also be zero at first but will rise once output rises.
D) none of the above
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 34 times
2 Replies
Character is higher than intellect. A great soul will be strong to live as well as think. 

Ralph Waldo Emerson

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wrote...
6 years ago
 A
KatharinaR Author
wrote...
6 years ago
Just confirmed the same answer from my friend, thanks
Character is higher than intellect. A great soul will be strong to live as well as think. 

Ralph Waldo Emerson
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