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Home Q & A Board Other Fields Homework Help Business Economics
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tmason tmason
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7 months ago

Consider the following data: equilibrium price = $9, quantity of output produced = 1,000 units, average total cost = $7, and average variable cost $5. Given this, total revenue is __________, total cost is __________, and total fixed cost is __________.



▸

$6,000; $8,000; $1,000



▸

$9,000; $7,000; $5,000



▸

$10,000; $8,000; $3,000



▸

$9,000; $7,000; $2,000



▸

none of the above

Textbook 
Economics

Economics


Edition: 12th
Author:
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hemmatmahdi12hemmatmahdi12
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7 months ago
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