Question

Write an expression for this firm’s fixed cost.

a. FC(q)=75
b. FC(q)=0.07+0.08q
c. FC(q)=0.04q
d. FC(q)=75+0.04q

Answer 1

The expression for the firm's fixed cost is FC(q) = 75, option a.

Step-by-step explanation:

The expression for the firm's fixed cost is FC(q) = 75, option a. This means that the fixed cost (FC) is always equal to $75, regardless of the quantity produced (q).