Question

The cost which is nil when output is zero
(1) Marginal cost
(2) Fixed cost
(3) Variable cost
(4) Average cost​

Answer 1

Answer:

the answer is fixed cost

Explanation:

This implies that even if the output is zero, the firm incurs a fixed cost. The TVC curve, on the other hand, rises upwards. This implies that TVC increases as the output increases. This curve starts from the origin which shows that variable costs are nil when the output is zero.

Answer 2

Answer:

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Explanation:

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