When a factory is operating in the short run,
a. it cannot alter variable costs.
b. total cost and variable cost are usually the same.
c. average fixed cost rises as output increases.
d. it cannot adjust the quantity of fixed inputs.
d
Economics
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Which of the following markets are closest to perfectly competitive
a. The market for smart phones b. The market for generic pharmaceuticals c. The market for sport shoes d. The market for fast food
Economics
If the Fed increases the money supply,
a. the interest rate increases, which tends to raise stock prices. b. the interest rate increases, which tends to reduce stock prices. c. the interest rate decreases, which tends to raise stock prices. d. the interest rate decreases, which tends to reduce stock prices.
Economics