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Author Question: The Lawn Ranger, a landscaping company, has total costs of $7,000 and total fixed costs of $5,000. ... (Read 205 times)

NguyenJ

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Question 1

The Lawn Ranger, a landscaping company, has total costs of $5,000 and total variable costs of $1,000. The Lawn Ranger's total fixed costs are


◦ $0.
◦ $4,000.
◦ $6,000.
◦ indeterminate because the firm's output level is unknown.

Question 2

The Lawn Ranger, a landscaping company, has total costs of $7,000 and total fixed costs of $5,000. The Lawn Ranger's total variable costs are


◦ $2,000.
◦ $3,000.
◦ $5,000.
◦ indeterminate because the firm's output level is unknown.


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Marked as best answer by NguyenJ on Apr 19, 2019

qytan

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