Overhead costs are identical to fixed costs
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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When a firm experiences negative technological change it can produce the same output with fewer inputs
Indicate whether the statement is true or false
Economics
By the permanent-income hypothesis, the long-run marginal propensity to consume is
A) j. B) k. C) kj. D) k - j. E) k/j
Economics
If the current margin is greater than the desired margin, the firm should
a. Increase price b. Decrease price c. Not change the price d. Marginal revenue and marginal cost are both zero
Economics
If the firm facing the demand curve P = 10 - Q still has zero marginal costs and is now a perfect price discriminator instead of a single price monopolist, what will profits be if fixed costs are 12? 
A. 10 B. 13 C. 38 D. 12
Economics