When labour costs are quasi-fixed, then which of the following statements are true?
A) They are fixed in the short run but variable in the long run.
B) They are fixed in the long run but variable in the short run.
C) The employer has committed to them in a contract.
D) They are independent of the number of hours worked by a firm's workforce.
E) They are dependent on the number of hours worked by a firm's workforce.
Correct Answer:
Verified
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