Fixed costs
A) are always sunk.
B) are avoidable.
C) are sometimes sunk.
D) sunk in the short run, but not in the long run.
C
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An increase in energy costs will most likely cause the price level and rGDP to change in which of the following ways?
A) Increase/Increase B) Increase/Decrease C) Increase/No change D) Decrease/Increase E) Decrease/Decrease
The United States Mint is the only legal entity to produce circulating coinage for the United States. Michael Jackson's estate owns the copyrights to many of the Beatles songs
Xcel Energy is a public utility company who is the sole provider of electricity and natural gas in some states such as Colorado, New Mexico and Minnesota. Which of these entities, if any, is a natural monopoly? A) United States Mint B) Xcel Energy C) Michael Jackson's estate D) None of these are natural monopolies.