Costs are related to output because
A) output is variable over the long run.
B) inputs are related to output.
C) some inputs are fixed.
D) inputs must be paid their opportunity costs.
Correct Answer:
Verified
Q3: When variable inputs are added to a
Q4: Average fixed costs
A)are always rising with increases
Q5: Which of the following pair of terms
Q6: The law of marginal diminishing returns
A)is found
Q7: According to the book, which air bag
Q9: The law of diminishing marginal returns is
Q10: In large companies it is often the
Q11: If marginal costs are rising
A)total fixed costs
Q12: If marginal cost is rising
A)marginal product in
Q13: The shape of the costs curves may
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