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When the output is equal to zero, the va...

When the output is equal to zero, the variable cost is _______.

A

Constant

B

Zero

C

Minimum

D

Maximum

Text Solution

Verified by Experts

The correct Answer is:
D
Total Variable cost = total quantity of output × variable cost per unit If output is equal to zero then the variable cost is equal to zero. Total cost = variable cost +fixed cost
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