In the short run, fixed costs for a profitable firm are:
A. Zero
B. Negative
C. Important determinants of the output level
D. Irrelevant in determining the optimal level of output
D. Irrelevant in determining the optimal level of output
You might also like to view...
From the early 1990s through 2012, the U.S
A) current account and U.S. capital and financial account were both positive. B) current account was negative. C) balance of payments exceeded the capital account. D) actual balance of payments deficit exceeded what the United States measured as the balance of payments deficit. E) capital and financial account was negative.
For a given, permanent reduction in demand for a product: a. the decrease in price will be greater the more elastic is supply
b. the decrease in price will be greater in the long run than in the short run. c. the decrease in price will be greater the more inelastic is supply. d. none of the above
Kaiser-Permanente, the nation's largest health maintenance organization, was founded:
a. as a network-model HMO. b. as a group-model HMO. c. to provide access to medical care to Kaiser workers in remote locations where medical services were in short supply. d. to provide cost-effective medical care to Kaiser employees. e. to slow the rate of growth in medical spending for Kaiser employees.
One sign of the cartel power of the NBA is the use of salary caps.
a. true b. false