Fixed costs are costs paid for:
a. medical reimbursements and health insurance of workers.
b. obsolete plant and equipment not used anymore.
c. plant and equipment in the long run.
d. hiring temporary workers.
e. resources that do not change with changes in output.
e
Economics
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Collusion results when a group of firms
i. act separately to limit output, lower prices, and decrease economic profits. ii. act together to limit output, raise prices, and increase economic profits. iii. in the United States legally fix prices. A) i only B) ii only C) iii only D) i and iii E) ii and iii
Economics
Mortgages issued to individuals with low incomes and poor credit history are called
A) credit mortgages. B) teaser mortgages. C) subprime mortgages. D) income mortgages.
Economics