A cost that has already been made and cannot be recovered is called a
A) variable cost.
B) fixed cost.
C) sunk cost.
D) marginal cost.
Correct Answer:
Verified
Q13: After constructing a new factory, the cost
Q14: A period of time in which the
Q15: A period of time in which the
Q16: In the long run, a firm has
A)
Q17: When the demand for electricity peaks during
Q19: In the short run
A) all factors of
Q20: The short run is a period of
Q21: The marginal product of labor is the
Q22: The total output produced with any quantity
Q23: The long run is a time period
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