Fixed costs are ignored in allocating scarce resources because
a. they are unaffected by the allocation of scarce resources.
b. fixed cost apply only to long-run decisions.
c. they are sunk.
d. there are no fixed costs associated with scarce resources.
a
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What is the name of the international organization that was founded to ensure the stability of the international system of payments and exchange rates among national currencies?
A) The International Monetary Fund B) The World Bank C) The World Trade Organization D) The International Finance Corporation
After the following code is executed, total will have a value of ________
Set Variable "count" = 0; Set Variable "total" = 0; Loop While ( count <= 10 ) Set Variable: "total" = total + count Set Variable: "count" = count + 1 End Loop (a) 50 (b) 55 (c) 45 (d) 0