Which of the following is most likely a fixed cost?
A) The material used to make jackets.
B) The labor on an automotive assembly line.
C) The rent for a factory.
Correct Answer:
Verified
Q26: The most desirable rate of output for
Q27: Marginal cost
A)Rises as a direct result of
Q28: Average total cost is important to a
Q29: In the short run,when a firm produces
Q30: Marginal cost
A)Is the change in total output
Q32: The shape of the marginal cost curve
Q33: In the short run,when a firm produces
Q34: Profit is
A)The difference between total cost and
Q35: Marginal cost is equal to
A)The change in
Q36: An increase in production in the short
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