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Basic Question 29 of 29
What is total cost equal to when output is zero in the short run?
User Contributed Comments 1
| User | Comment |
|---|---|
| danlan | Variable costs are zero when output is zero |
I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
determine and interpret break even and shutdown points of production, as well as how economies and diseconomies of scale affect costs under perfect and imperfect competition
CFA® 2024 Level I Curriculum, Volume 1, Module 1.