Please answer the following questions True or False

D 1 pts Question 1 In short-run decision making, the alternative with the lowest overall cost is always chosen O True False Next Question 2 1 pts Fixed costs are never relevant. O True False 1 pts Question 3 A choice between internal and external production is a keep-or-drop decision. True False D Question 4 1 pts Typically in a special-order decision, a customer wants to pay more than the usual price. True O False Question 5 1 pts In determining the target price of a good, the company must first determine the target cost and the desired profit. True False Question 6 The markup includes desired profit and any costs not included in the base cost. True O False Question 7 1 pts Many companies start with cost to determine price since revenue must cover cost for the firm to make a profit. True False