Which of the following is most likely to be a variable cost of production in the short run?
A. Real estate taxes
B. Rental payments on IBM equipment
C. The interest on a business loan
D. Fuel and power payments
Answer: D
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If in monopolistic competition in the short run, firms make ________ profits, then in the long run, new firms will enter the market. The ________ each individual firm's product will ________
In the new long-run equilibrium firms will make ________ profit. A) economic; demand for; decrease; zero economic B) normal; demand for; increase; zero economic C) economic; supply of; decrease; an economic D) economic; supply of; increase; zero economic
What is the "midpoint formula" and why is it used?
What will be an ideal response?
Which of the following is a central bank asset?
A) domestic securities and bills B) currency notes C) bank reserve deposits D) government deposits
Vertical contracts between manufacturers and retailers often aim to
a. Incentivize the manufacturers to undertake costly activities, which they otherwise may not realize the full benefits of on their own b. Reward the manufacturers for undertaking the risk inherent in introducing a new product c. Serve as a "signal" of the manufacturer's belief of the likely success of his product d. All of the above