Minneapolis business Rogue Chocolatier sells specialty chocolate bars with a high cocoa content. The price of cocoa beans shot up 44 percent in 2008. How did this affect Rogue's short run costs?
A) Short run variable costs would increase.
B) Short run fixed costs would decrease.
C) Short run total costs would decrease.
D) Short run average fixed costs would increase.
A
Economics
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Answer the following statement true (T) or false (F)
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The sole mission of the European Central Bank at the time of its creation was
A. to increase saving. B. to control inflation. C. to reduce long-term interest rates. D. to boost employment.
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One important innovation cluster mentioned in the textbook is __________, which is the world center for biotech.
A. Bangalore, India B. Cambridge, MA C. Silicon Valley, CA D. Palo Alto, CA
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Why is academic decision making different from decision making within firms?
What will be an ideal response?
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