Firms have ________ over their ________ costs in the short run.
A) control; fixed
B) no control; fixed
C) control; overhead
D) no control; variable

Question

Quizplus · Accepted Answer

In the short run, firms have no control over their fixed costs, as these costs do not change with the level of output produced. Fixed costs, such as rent or salaries, must be paid regardless of the firm's level of production.

Firms Have ________ Over Their ________ Costs in the Short

Firms Have Over Their Costs in the Short