The monthly payment that a business makes on a building it has leased for the next five years:
A) is a fixed cost.
B) need not be paid if the business produces nothing.
C) is a long-run cost since the building has been leased for five years.
D) all of the above.
Correct Answer:
Verified
Q43: A firm can vary the amounts of
Q44: Fixed factors of production:
A) do not exist
Q45: A business incurs:
A) fixed costs in the
Q46: The cost that does not change as
Q47: A factor of production that does not
Q49: The agreed upon monthly payment that a
Q50: In the long run, all factors of
Q51: The period of time over which all
Q52: A cost that increases or decreases as
Q53: A cost that does not change as
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