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If a firm produces nothing, which of the following costs will be zero?

A. Variable cost
B. Total cost
C. Average cost
D. Opportunity cost

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Deanna Hettinger
Deanna HettingerLv2
8 Apr 2020

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Related questions

A profit-maximizing firm in the short run will expand output:

A. Until marginal cost begins to rise
B. Until total revenue equals total cost
C. Until marginal cost equals average variable cost
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For a firm, the production function represents the relationship between
A. quantity of inputs and total cost
B. quantity of inputs and quantity of output
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Which of the following is true about the changes in fixed costs?

a) An increase in production will result in an increase in per unit fixed costs
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d) A decrease in production will result in an increase in total fixed cost

 

 

 

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