The firm's short-run costs contain
A) only variable costs.
B) only fixed costs.
C) both variable and fixed costs.
D) only opportunity costs.
Answer: C
You might also like to view...
When using the traditional command-and-control approach to environmental regulation, the government attempts to:
a. set a minimum requirement and then allows the firm to determine the most efficient method for achieving this requirement. b. determine the most efficient method for different industries. c. make allowances for differences across industries and between firms. d. set standards that are applicable to all situations and does not recognize unique circumstances.
Refer to the table shown. The firm would definitely not hire:Number of workersTotal output142103184285356417458489501049
A. 9 workers. B. 5 workers. C. 10 workers. D. 7 workers.