Which of the following, necessarily, equals zero when the firm's short-run output level is zero?
a. sunk costs
b. fixed costs
c. implicit costs
d. variable costs
e. opportunity costs
D
Economics
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Generally with bond ratings, the higher the rating, the ________ the interest rate an investor will receive and the ________ the risk that the issuer of the bond will default
A) higher; higher B) lower; lower C) higher; lower D) lower; higher
Economics
A tax that taxes a larger percentage of an individual's income as their income rises is called a _____
a. proportional tax b. progressive tax c. head tax d. regressive tax
Economics