In the short run,
a. at least one of the firm's inputs is fixed
b. customer tastes and preferences are fixed
c. the firm may vary all inputs
d. sunk costs are variable
e. government intervention is inevitable
A
Economics
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Marginal utility is the
A) usefulness of a product. B) utility that a person receives from the consumption of goods and services. C) change in utility that results from a one-unit change in the quantity of a good consumed. D) change in utility that results from a one-unit change in the price of a good consumed.
Economics
From the late 1940s until the creation of the WTO, the organization that was primarily responsible for conducting rounds of trade negotiations was the
A) World Bank. B) IMF. C) ITO. D) United Nations. E) GATT.
Economics