Total cost of production refers to the:
A) sum of variable costs and fixed costs.
B) product of variable costs and fixed costs.
C) difference between variable costs and fixed costs.
D) ratio of variable costs to fixed costs.
A
Economics
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The maximum amount of increase in the money supply that can be caused by an increase in excess reserves is equal to the
A) deposit multiplier ´ the required reserve ratio. B) loan multiplier ´ the change in excess reserves. C) deposit multiplier ÷ the change in excess reserves. D) deposit multiplier ´ the change in excess reserves.
Economics
If the price elasticity is supply coefficient is greater than one, then supply is:
a. elastic. b. inelastic. c. perfectly elastic. d. perfectly inelastic.
Economics