Total fixed cost is
A) the cost of buying and installing new machinery.
B) the cost that does not change as output changes.
C) the expenditure on imported raw materials.
D) the wages paid to consultants.
Answer: B
Economics
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You borrow $10,000 from a bank for one year at a nominal interest rate of 5%. The CPI over that year rises from 180 to 200. What is the real interest rate you are paying?
A) 15% B) 5% C) -1.1% D) -6.1%
Economics
Imagine that Odyssey National is a brand new bank, and that its required reserve ratio is 10 percent. If it accepts a $1,000 deposit, then its excess reserve balance will be:
a. $0. b. $90. c. $100. d. $900. e. $910.
Economics