A fixed resource is one that
A) is physically tied to a specific location.
B) costs more than the average daily revenue of the firm.
C) cannot be varied in the short run.
D) can be disposed of only if the firm goes out of business.
Answer: C
Economics
You might also like to view...
The supply curve of money shows, all other things unchanged, the
A) quantity of money supplied at each price of bonds. B) quantity of money supplied at each bond rate. C) quantity of money supplied at each interest rate. D) amount of money people supply at a specific interest rate.
Economics
Monopolistically competitive firms face a perfectly elastic demand curve
Indicate whether the statement is true or false
Economics