Variable costs
A) do not vary with price.
B) do not vary with output.
C) vary with price.
D) vary with output.
D
Economics
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According the principle of time inconsistency, the most important element of policy making is
a. predictability. b. transparency. c. credibility. d. judgment
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Which of the following will NOT affect the supply of cars?
A) an increase in the price of steel B) an improvement in automobile production technology C) an increase in the productivity of auto workers D) a decrease in the price of cars
Economics