What is the total cost, at the level of production where Pastry Paradise is indifferent between which technology is used?
a. $1750
b. $1000
c. $1500
d. $2000
a
Economics
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Most public goods produced by government are nonexcludable because the costs of exclusion are too high
a. True b. False
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Fixed costs are those costs that are
A. unchanging through time. B. independent of the amount of output a firm produces in the short run. C. zero if the firm produces no output in the short run. D. dependent of the amount of output a firm produces in the short run.
Economics