Fixed costs are costs paid for:
A) plant,equipment,and land that cannot be moved.
B) obsolete plant and equipment not used anymore.
C) plant and equipment in the long run.
D) hiring temporary workers.
E) resources that do not change with changes in output.
Correct Answer:
Verified
Q1: Marginal cost equals:
A)total cost divided by total
Q1: The below figure shows the various combinations
Q3: When more and more units of a
Q4: Diminishing marginal returns means that as you
Q7: If labor is the only variable input,an
Q9: If a firm is experiencing diminishing returns,then:
A)the
Q10: The law of diminishing returns applies:
A)in the
Q11: Marginal fixed cost:
A)is a positive constant irrespective
Q13: The below figure shows the various combinations
Q17: The below figure shows the various combinations
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