Fixed costs are best defined as costs ____________ with the firm's output level over some period.
A. that will not vary
B. which vary directly
C. which vary inversely
A. that will not vary
You might also like to view...
Progressive income taxes are designed to
A. make the distribution of income less equal. B. leave unchanged the distribution of income. C. let the market determine the distribution of income after taxes. D. make the distribution of income more equal.
At the peak of a business cycle, the
A) cyclical unemployment rate is positive. B) unemployment rate is above the natural unemployment rate. C) frictional unemployment rate is zero. D) unemployment rate is below the natural unemployment rate. E) natural unemployment rate is negative.
In the U.S. the total amount of work time lost to strikes is less than the amount of work time lost for coffee breaks
a. True b. False Indicate whether the statement is true or false
Most studies indicate that the degree of income inequality in the United States has
a. been increasing in recent decades. b. been declining in recent decades. c. been constant since 1970. d. fluctuated widely from year to year.