In a pizza industry, the cost of the factory is a(n) __________ only in the short run but not in the long run.

Answer: fixed cost

Economics

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Which of the following is FALSE about saving?

A) Saving adds to wealth. B) Income left after paying taxes can either be consumed or saved. C) Saving equals wealth minus consumption expenditures. D) Saving is the source of funds used to finance investment.

Economics

Davis and Haltiwanger showed that ________ churning of jobs occurs and that this churning reflects closing of old plants and opening of new ones ________

A) little; in different industries B) little; within the same industry C) much; within the same industry D) much; in different industries

Economics