A firm's total fixed cost (TFC) is a cost
A) it is certain ("fixed") that the firm must pay.
B) that does not change as output changes.
C) that is dependent on marginal cost.
D) that is paid in only the long run.
B
You might also like to view...
Limit pricing is a strategy used by a firm to
A) deter entry. B) enhance short run profits. C) raise its prices. D) lower its costs.
The Fed's monetary target shifted in the late 1980s and 1990s when the
a. Fed's focus shifted from the interest rate to the money supply to counter persistent high inflation b. Fed used its discretion to make the money supply conform to a targeted interest rate c. Fed realized that higher interest rates could not stimulate investment, aggregate demand, and real GDP d. Fed became less concerned about inflation and worried more about recession e. Fed abandoned its no-new-taxes pledge