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Total fixed costs

Refer to the data in the attachment.

What are the total fixed costs for this firm?

a) $50 b) $100 c) $600 D) $200 E) $60


Solution Preview

Fixed costs are those costs which are incurred irrespective of the production levels.

Its $60 as the Total cost is $60 when there is no revenuees.

Hence the answer is E) $60

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Solution Summary

This explains the computation of total fixed costs