1. The dean of a college faces the following costs: graders, faculty, classroom space, and chalk. Of...

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1. The dean of a college faces the following costs: graders, faculty, classroom space, and chalk. Of these costs, which are likely to be variable in the long run?

2. Suppose that you and your roommate have started a Bread delivery service on campus.

a. List some of your fixed costs and describe why they are fixed.

b. List some of your variable costs and describe why they are variable.

Related Book For answer-question

Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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Posted Date: Jun 05, 2021 11:04 AM

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1. The dean of a college faces the following costs: graders, faculty, classroom space, and chalk. Of...

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ANSWER 1 The longrun is a period of time in which all factors of production and costs are variable I... View the full answer

Microeconomics

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