Which of the following costs is independent of output?
A) Variable costs
B) Total costs
C) Marginal costs
D) Fixed costs
Correct Answer:
Verified
Q65: Fixed costs exist only in the:
A) long
Q66: Marginal product eventually:
A) declines because some inputs
Q67: Variable costs:
A) exist only in the short
Q68: The law of diminishing marginal productivity implies
Q69: Variable costs:
A) do not exist in the
Q71: Fixed costs plus variable costs equal:
A) total
Q72: Refer to the table shown. Marginal
Q73: Refer to the graph shown. Within which
Q74: Refer to the table shown. The
Q75: Costs that are spent and cannot be
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