Krugman's Economics For The Ap® Course
Krugman's Economics For The Ap® Course
3rd Edition
ISBN: 9781319113278
Author: David Anderson, Margaret Ray
Publisher: Worth Publishers
Question
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Chapter 55, Problem 1MCQ
To determine

Total cost when firm is producing zero output

Expert Solution & Answer
Check Mark

Explanation of Solution

The total cost would be equal to the fixed cost when a firm is producing zero output.

Therefore, the correct option is c.

Economics Concept Introduction

Introduction:

Total cost is the sum of all costs or expenses that are incurred by a business firm while doing business activities.

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