A firm replaces a machine by hiring 3 hourly production workers instead.
A) Both its fixed and variable costs will fall.
B) Both its fixed and variable costs will rise.
C) Its fixed costs will rise and its variable costs will fall.
D) Its fixed costs will fall and its variable costs will rise.
Correct Answer:
Verified
Q169: If both the marginal cost and the
Q170: Assume the following cost information about Fred's
Q171: Assume that you know the following cost
Q172: Which of the following cost curves is
Q173: Assume the following cost information about Fred's
Q175: If average total costs are $40 and
Q176: If Oscar's company has a lease that
Q177: In the short run,an expansion of output
Q178: In the short run,ATC is not always
Q179: If both the marginal cost and the
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