When output is 100 units, the firm's total fixed cost is $100. What will this firm's total fixed cost be if output doubles to 200 units?
A. $200
B. $1,000
C. $100
D. Can't tell from the information provided.
Answer: C
You might also like to view...
If a bank has ________ rate-sensitive assets than liabilities, then ________ in interest rates will increase bank profits
A) more; a decline B) more; an increase C) fewer; an increase D) fewer; a surge
Most illegal immigrants are found in occupations
a. that require licenses. b. that require two years of college. c. that require certificates. d. that require little formal education.
Proper registration of new pesticides
a. is subject to EPA approval b. generates a formal listing of a pesticide based on benefit-cost analysis c. is independent of the pesticide labeling d. cannot be denied if adverse environmental effects are linked to its widespread use
The United States does not use subsidies as part of its policies
Indicate whether the statement is true or false