In the short run, when a firm produces zero output, total cost equals
A. Marginal costs.
B. Zero.
C. Variable costs.
D. Fixed costs.
Answer: D
Economics
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Firms that engage in price discrimination
a. will earn less profit than those that do not discriminate. b. will earn more profit than those that do not discriminate. c. are biased against certain buyers in the market. d. will always produce less output than firms that do not discriminate.
Economics
An increase in investment spending would cause the FE line to
A. shift to the right. B. shift to the left. C. remain unchanged. D. remain unchanged if Ricardian equivalence holds; otherwise, shift to the right.
Economics