1. On a cost curves graph the firm has the following cost(s) at zero units.

A) FC only.
B) VC only.
C) TC only.
D) FC and TC only.
E) VC and TC only.

2. Which of the following statements is true?

A) FC remain constant starting at the 1st unit.
B) FC remain constant starting at 0 units.
C) VC keep rising starting at the 1st unit.
D) VC start at 0 units.
E) both B) and C) are true statements.

3. Looking at a cost curve graph, at any quantity you can figure the FC by

A) going from the FC point down to the x axis.
B) figuring the distance between VC and TC.
C) figuring the distance between TC and VC.
D) subtracting VC from TC.
E) all of the above answers are correct.