In analyzing the decision to shut down in the short run we assume that the firm's fixed costs are
A) nonmonetary opportunity costs.
B) sunk costs.
C) implicit costs.
D) capital costs.
B
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Maude is complaining about how much she pays in taxes now that the economy is finally doing really well. Even though she's in the same tax bracket as she was last year, she's paying $500 more in taxes this year, just because she earned more overtime pay this year. Maude's increased tax payment to the government is an example of:
A. expansionary fiscal policy. B. contractionary fiscal policy. C. discretionary fiscal policy. D. automatic stabilizers.
If the interest rate rises, the present value of property rises because the return is now higher
Indicate whether the statement is true or false
An advantage of a partnership is that they:
a. have unlimited life b. never fail due to disagreements c. can attract financial capital easier d. have limited liability
The firm's shutdown point occurs at an output of
A. 40.
B. 45.
C. 50.
D. 55.
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