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Author Question: The Lawn Ranger, a landscaping company, has total costs of $5,000 and total fixed costs of $3,000. ... (Read 83 times)

sjones

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Question 1

The Lawn Ranger, a landscaping company, has total costs of $4,000 and total variable costs of $1,000. The Lawn Ranger's total fixed costs are


◦ $0.
◦ $3,000.
◦ $5,000.
◦ indeterminate because the firm's output level is not known.

Question 2

The Lawn Ranger, a landscaping company, has total costs of $5,000 and total fixed costs of $3,000. The Lawn Ranger's total variable costs are


◦ $2,000.
◦ $3,000.
◦ $5,000.
◦ indeterminate because the firm's output level is not known.


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Marked as best answer by sjones on Apr 19, 2019

meryzewe

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