If a profit-maximizing firm’s fixed cost of producing widgets falls,
A. its total cost curve is unaffected.
B. its marginal cost curve shifts down.
C. the firm will produce more widgets.
D. the firm’s average profit per widget produced rises.
Answer: D
Economics
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Human capital can be increased through
A) investment in new technology. B) decreases in population. C) investment in new machinery. D) education, on-the-job training, and work experience. E) increasing the nation's production of consumption goods.
Economics
Under the Bretton Woods system established after WWII,
A. each countries currency was backed by gold B. exchange rates between countries floated C. exchange rates were fixed and only the dollar was convertible into gold D. gold had no role
Economics