Question: In the short-run fixed and variable costs are present because___________. If a firm produces zero output its total cost is equal to ___________. Question 3

In the short-run fixed and variable costs are present because___________. If a firm produces zero output its total cost is equal to ___________. Question 3 options: A) variable costs; zero B) fixed and variable inputs; TFC C) the law of diminishing return; TVC D) fixed inputs; TC

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