A firm's total fixed cost (TFC) is a cost
A) it is certain ("fixed") that the firm must pay.
B) that does not change as output changes.
C) that is dependent on marginal cost.
D) that is paid in only the long run.
B
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In monopolistic competition, each firm's marginal revenue curve lies ________ its demand curve because of ________
A) below; barriers to entry B) below; product differentiation C) above; barriers to entry D) above; product differentiation
Refer to Figure 10.2. Which line represents saving?
A. b
B. h
C. f + i
D. d
Which of the following will increase investment spending?
A. more optimistic business expectations B. an increase in interest rates C. an increase in business taxes D. a decrease in capacity utilization
Which of the following is a leading business cycle indicator?
A. the unemployment rate B. the volume of outstanding commercial loans C. new building permits D. personal income