Refer to Table 2.3. What can be observed about the given resources?
A) Capital is fixed. B) Capital is variable.
C) Capital and labor are both fixed. D) Labor is fixed.
A
Economics
You might also like to view...
A compensating differential is a difference in wages due to higher levels of education or other forms of human capital
a. True b. False Indicate whether the statement is true or false
Economics
Which of the following costs do not vary with the amount of output a firm produces?
a. average fixed costs b. fixed costs and average fixed costs c. marginal costs and average fixed costs d. fixed costs
Economics