In the short run, a firm incurs fixed costs
a. only if it incurs variable costs.
b. only if it produces no output.
c. only if it produces a positive quantity of output.
d. whether it produces output or not.
d
Economics
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Although economic science can contribute theoretical and factual knowledge on a particular issue, the final decision on policy questions often depends on:
a. information that is not currently available b. social values c. ethical considerations d. all of these
Economics
Discuss national defense, infant industry, and strategic trade as arguments for protection.
What will be an ideal response?
Economics