A cost that does not change as the amount of output produced changes is a:
A) fixed cost.
B) variable cost.
C) semi-fixed cost.
D) semi-variable cost.
Correct Answer:
Verified
Q48: The monthly payment that a business makes
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
Q54: The short-run cost that is zero when
Q55: The cost that is greater than zero
Q56: In the short run, all costs are:
A)
Q57: Over the short run, total cost is
Q58: If a firm incurs a cost of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents