Jay set up his hot dog stand near the business district. His total variable cost includes the
A) interest he pays on the funds he borrowed to pay for advertising.
B) annual insurance for the hot dog stand.
C) cost of the hot dogs and condiments.
D) revenue he gets when he sells his first hot dog each day.
E) cost of buying the hot dog stand.
Correct Answer:
Verified
Q93: Diseconomies of scale is
A) a short-run phenomenon.
B)
Q94: In the long run,
A) total variable cost
Q95: Which of the following is FALSE?
A) In
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Q100: Cost curves shift if i. technology changes.
Ii)
Q101: Diseconomies of scale can occur as a
Q102: Consider a Coles hypermaket and a 7-Eleven
Q103: A firm's long-run average cost curve shows
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