Mr.Hershey' company produces chocolate bars. Which is NOT a variable input for this firm?
A) sugar
B) assembly line workers
C) the big chocolate-stirring machines
D) packaging materials
Answer: C
Economics
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Refer to the above figure. The market supply and demand curves in a perfectly competitive market intersect at $4. Which of the graphs represent the situation for an individual firm?
A) Panel A B) Panel B C) Panel C D) Panel D
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An example of a poverty trap is
a. extended time periods without war b. a lack of mineral wealth c. a dysfunctional or corrupt government d. laws and regulations to help detect fiscal fraud e. None of the answers is correct
Economics