22. Refer to Table 13-15, What is the total fixed cost for this firm? a. $30 b. $20 c. $40 d. $50 23. Refer to Table 13-15. What is average fixed cest when output is 40 unts? a. $8.00 b. $3.32 c. S1.00 d. 55.00 24. If long-run average total cost decreases as the quantity of output increses, the fitm.is experiencing a. fixed costs greatly exceeding variable costs. b. economies of scale. c. diseconomies of scale. dr coordination problems arising from the large size of the firm.
22. Refer to Table 13-15, What is the total fixed cost for this firm? a. $30 b. $20 c. $40 d. $50 23. Refer to Table 13-15. What is average fixed cest when output is 40 unts? a. $8.00 b. $3.32 c. S1.00 d. 55.00 24. If long-run average total cost decreases as the quantity of output increses, the fitm.is experiencing a. fixed costs greatly exceeding variable costs. b. economies of scale. c. diseconomies of scale. dr coordination problems arising from the large size of the firm.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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