If two perfectly competitive firms produce the same quantity at the market price, then, at that quantity, they must have the same
a. marginal cost and average total cost
b. marginal cost and average fixed cost
c. average total cost and average fixed cost
d. average fixed cost and average variable cost
e. marginal cost
E
Economics
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After constructing a new factory, the cost of building the factory is a
A) past cost. B) sunk cost. C) variable cost. D) None of the above answers are correct.
Economics
The Bureau of Labor Statistics places people in the "employed" category if they
a. are temporarily absent from their jobs. b. are self-employed. c. work without pay in a family member's business. d. All of the above are correct.
Economics