In deciding whether to operate in the short run, the firm must be concerned with the relationship between price of the output and
A) total cost.
B) average variable cost.
C) total fixed cost.
D) the number of buyers.
B
Economics
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The lag between the time at which a policy is put in place and the time that policy affects the economy is called
A) the recognition lag. B) the impact lag. C) the implementation lag. D) the theoretical lag.
Economics
The federal budget deficit in 2009 was more than eight times larger than the deficit in 2007.
Answer the following statement true (T) or false (F)
Economics