When a profit-maximizing firm's fixed costs are considered sunk in the short run, then the firm
a. can set price above marginal cost.
b. must set price below average total cost.
c. will never show losses.
d. can safely ignore fixed costs when deciding how much output to produce.
d
Economics
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Since 1997, the labor force participation rate for women in the United States has
A) decreased more than 20 percent. B) increased more than 10 percent. C) remained virtually constant. D) equaled the participation rate for men.
Economics
If the price of a good falls, before the amount consumed changes the marginal utility per dollar from that good
A) decreases. B) increases. C) might either increase or decrease depending on whether the good is a substitute or a complement. D) More information is needed to determine the answer.
Economics