Which of the following statements is true?
A) In the long run, the average cost curve is always downward sloping.
B) In the long run, the quantities of all inputs are fixed.
C) In the long run, the firm's fixed costs are greater than its variable costs.
D) In the long run, all costs are variable costs.
E) In the long run, the total variable cost equals the total fixed cost.
D
Economics
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Public goods are those that are consumed: a. only by those who have paid for them
b. only by the government that provides them. c. by the private group that funds them. d. by the paying and nonpaying public alike.
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