Some costs do not vary with the quantity of output produced. Those costs are called

a. marginal costs.
b. average costs.
c. fixed costs.
d. explicit costs.

c

Economics

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Jess owns a sandwich sho

A) 1.33. B) 0.75. C) 3.00. D) 4.00. E) 1.50.

Economics

It has become largely accepted since the end of the Bretton Woods agreement that: a. the gold standard was superior to anything that has come along since

b. governments have no role whatsoever in determining exchange rates. c. it is not necessary for governments to fix exchange rates for long periods of time. d. floating rates simply have not worked.

Economics