A dairy company, Farley Farm, has total costs of $10,000 and total variable costs of $3,000. Farley Farm's total fixed costs are
A. $0.
B. $7,000.
C. $13,000.
D. indeterminate because the firm?s output level is not known.
Answer: B
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a. Discretionary time b. Real time c. Psychic time d. Nondiscretionary time
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a. tariff. b. quota. c. embargo. d. restricted exchange rate.
The share of GDP taken by taxes is considerably higher in the United States than in other countries
a. True b. False Indicate whether the statement is true or false