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When = 50, TFC = $2,000, and TVC = $8,000. When Q = 60, TVC = $9,000. Which of the following is true? a.It is
When = 50, TFC = $2,000, and TVC = $8,000. When Q = 60, TVC = $9,000. Which of the following is true?
a.It is impossible to knowTCwhenQ=60because we are not givenTFCwhen Q=60.
b.IfTVCincreased by $1,000, thenTFCmust have increased by $1,000 also, so whenQ=60,TC=$12,000.
c.IfTVCincreased by $1,000, thenTFCmust have decreased by $1,000 to keepTCconstant.
d.When Q=50,TC=$10,000and whenQ=60,TC=$11,000.
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