Firms ________ their ________ costs in the short run.
A) can change; fixed
B) cannot change; total
C) can change; overhead
D) can change; variable

Name: Firms ________ their ________ costs in the short run. A) can change; fixed B) cannot change; total C) can change; overhead D) can change; variable
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In the short run, firms can change their variable costs (e.g., costs of raw materials, labor) but cannot change their fixed costs (e.g., rent, salaries of permanent staff).

Firms ________ Their ________ Costs in the Short Run

Firms Their Costs in the Short Run