In the short run, _______. a) all costs are fixed costs b) all costs are variable costs

Question:

In the short run, _______.

a) all costs are fixed costs

b) all costs are variable costs

c) some costs are fixed costs

d) all costs are marginal costs.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

See More Books

Question Posted: Feb 29, 2024 07:01 AM

See More Questions

For economies of scale, a/an ____ average total cost. O a. decrease; lower O b. increase; higher O c. decrease; no change in O d. increase; lower in a firm's scale of production leads to
Multiple Choice Questions: 1. The long run a. Is a period in which a firm can adjust all its inputs. b. Can vary in length from industry to industry. c. Is a period in which all costs are variable...
4 At a break-even of 260 units sold total variable costs were $ 540.00 Total fixed costs were $ 150.00 What will the 261 unit contribute to profit? 4 points Show your work below: 10 5 Any increase in...
Which description does NOT fit in description of "issues" in the context of international standards? a. An unsettled matter. b. A vital matter. c. A change in the environment. d. A concern or...
NIKE, Inc., with its Canadian headquarters in Thornhill, Ontario, is one of the world's lead- ing manufacturers of athletic shoes and sports apparel. The following activities occurred during a recent...
Find the multiplicative inverse of each nonzero element in $Z_{5}$.
Estimate the overall odds ratio of the set of tables in Problem3.6 and test whether the odds ratios are the same across the tables. Problem3.6 is: 3.6 Use the DOS data to test whether there is gender...
Owl-Eye Radiologists (OR) does various types of diagnostic imaging. Radiologists perform tests using sophisticated equipment. ORs management wants to compute the costs of performing tests for two...
Recent events have once again shaken and stirred the memory of the nation. Almost immediately after the Civil War, a myth arose painting the conflict with a brush that attempted to blur the lines...
Which statement is true? a) A firm will operate in the short run when total revenue exceeds fixed costs. b) A firm will operate in the short run when total revenue exceeds variable costs. c) A firm...
Total cost is the sum of ____. a) marginal cost and fixed cost b) marginal cost and variable cost c) variable cost and fixed cost
a) For stateful packet inspection firewalls, what do ingress ACLs permit in general? b) What do egress ACLs disallow in general in SPI firewalls? c) What do well-known port numbers designate? d) Is...
4. Apple Inc. is a US-based technology company that plans to invest in a new research and development center in Europe and aims to raise the required funds as follows: < < - - A bond issue of...
Summarise the main points that is covered in this week. 1. Provide summary of your reading list - external resources, websites, book chapters, code libraries, etc. 2. Reflect on the knowledge that...
Q6. Based on your understanding, design a PID controller that controls a drone to hover at 50m and explain the function of each block in the controller. 50 m 0 m
$ Uncle Rich's farm has costs and revenue as seen in the graph. What is Uncle Rich's profit-maximizing output? profit-maximizing output: What price will Uncle Rich receive per unit at the...
Research OFFICE DEPOT Inc using news reports; its website/publications; and government, professional, or scholarly sources. Discuss the company's track record on economic justice and equity. Define...
Draw structures corresponding to the following IUPAC names: (a) cis-1, 2-Cyclohexanedicarboxylic acid (b) Heptanedioic acid (c) 2-Hexen-4-ynoic acid (d) 4-Ethyl-2-propylocatanoic acid (e)...
In Problems 718, write the augmented matrix of the given system of equations. f0.01x0.03y = 0.06 [0.13x + 0.10y = 0.20
It is a hot day, and Bert is thirsty. Here is the value he places on a bottle of water: Value of first bottle..... $7 Value of second bottle.....5 Value of third bottle.....3 Vale of fourth...
Ernie owns a water pump. Because pumping large amounts of water is harder than pumping small amounts, the cost of producing a bottle of water rises as he pumps more. Here is the cost he incurs to...
A friend of yours is considering two cell phone service providers. Provider A charges $120 per month for the service regardless of the number of phone calls made. Provider B does not have a fixed...
1 . A semiannual - pay bond has 7 years to maturity, a yield to maturity of 7 . 4 1 percent and is priced at $ 1 , 0 1 2 . 6 7 . What is its annual coupon rate? Answer in percent to two decimals. 2 ....
Many people mention responding to emails and voice messages within 24 hours. Why do you feel this is important, and how do you believe it affects the recipient when messages are not returned in a...
You have been asked to send an email to Stacey Mintern. The email contained some background notes attached about an important meeting she has scheduled for tomorrow with the other departments. You...

In the short run, _______. a) all costs are fixed costs b) all costs are variable costs

Question:

Step by Step Answer:

Short Run The shortrun SR refers to a period during which at least one factor of production such as ...View the full answer

Microeconomics

Students also viewed these Business questions