Which of the following would be an example of a fixed cost?
A) the electric and gas bills
B) wages paid to temporary workers
C) property insurance premiums
D) expenditures on imported raw materials
Answer: C
Economics
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The ratio of the increase in ________ to the increase in ________ is called the multiplier
A) induced expenditure; equilibrium real GDP B) autonomous expenditure; equilibrium real GDP C) equilibrium nominal GDP; autonomous expenditure D) equilibrium real GDP; autonomous expenditure
Economics
Before the nation's first transcontinental railroad was completed, travelers to the Pacific Coast used which forms of transportation?
a. ship, wagon b. dugout canoe, dirigible c. horse d. All of the above are correct.
Economics