The firm's fixed cost refers to costs that
a. do not change as the price of a good changes
b. do not change as the firm's output changes
c. can never be changed
d. can only be changed in the short run
e. do not change when the scale of the operation changes
B
Economics
You might also like to view...
Your neighbor's 10-year old son has come to your house to collect money for a relief fund to benefit hurricane victims
You were initially unwilling to contribute but agreed to give when you discovered that he had already collected money from all your neighbors. This is an example of ________. A) pure altruism B) impure altruism C) liberalism D) rationalism
Economics
How would an economist go about examining the net costs of immigration? What have recent studies suggested?
What will be an ideal response?
Economics