________ is a cost that is independent of the quantity produced by the firm and is incurred by the firm in the short run.
A. Fixed cost
B. Economic cost
C. Variable cost
D. Average total cost
Answer: A
You might also like to view...
How is the mean calculated from a series of observations? Suppose 5,000 people bought popsicles on a hot summer day. If the average number of popsicles that each person bought is 2, how many popsicles were sold that day?
What will be an ideal response?
The burden of the debt does not depend on whether debt finance crowds out private investment.
A. True B. False C. Uncertain
Whatever a society uses as money, the distinguishing characteristic is that it must
A) be completely inflation proof. B) be generally acceptable as payment for goods and services or in the repayment of debt. C) contain gold. D) be produced by the government.
The proliferation of the horse in the 17th century caused Great Plains Indians to:
a. increase their reliance on agricultural work. b. engage in less tribal warfare. c. use smaller and more independent hunting groups. d. kill fewer bison, but make more intensive use of the meat on the carcass.