Fixed inputs are those whose
A) quantity changes as the level of output changes
B) costs are irreversible
C) quantity remains constant regardless of the level of output
D) quantity determines the level of profit
E) appearance was damaged while being transported,but has been fixed
Correct Answer:
Verified
Q1: A firm's profit is
A)greater if it is
Q2: The law of diminishing marginal returns says
Q3: Q4: The "short run" may vary in length Q6: In the long run, Q7: Marginal product is the change in output Q8: Which of the following is most likely Q9: In a firm's planning horizon,the long run Q10: Variable inputs are those whose Q11: Consider a firm that needs one day
A)at least one of
A)quantity changes as
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