Which of the following is most likely to be a fixed

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21. Which of the following is most likely to be a fixed cost?A. shipping chargesB. property insurance premiumsC. wages for unskilled labourD. expenditures for raw materials
22. If you know that when a firm produces 10 units of output, total costs are $1,030 and average fixedcosts are $10, then total fixed costs are:
23. Refer to the graph. Total fixed cost is measured by:
24. Which of the following is most likely to be a variable cost?
25. Refer to the data. The total variable cost of producing 5 units is:OutputTotal cost0$24133241348454561669A. $61.B.$48.C.$37.D. $24.
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26. Total cost minus total variable cost equals:
27. If the marginal product of a variable factor of production at first increases and then decreases as theoutput of the firm is increased:
28. At an output of 1,000 units per year, a firm's variable costs are $5,000 and its average fixed costs are$3. Its total costs per year are:
29. Refer to the data. If the firm closes down and produces zero units of output, its total cost is:OutputAveragefixedcostAveragevariablecost1$50.00$100.00225.0080.00316.6766.67412.5065.00510.0068.0068.3773.3376.1480.0086.2586.50A. $0.B. $50.C. $100.D. $150
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30. Refer to the diagram. This firm's average fixed costs (AFC) are:
31. At output level Q total variable cost is:
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32. At output level Q total fixed cost is:
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Term
Fall
Professor
SisiFu
Tags
Marginal product

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