If a firm decides to produce no output in the short run, its costs will be:
A. its marginal costs.
B. its variable costs.
C. its fixed costs.
D. zero.
Answer: C
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It is inflationary for government to increase spending if:
a. it also cuts taxes. b. the aggregate supply curve is flat. c. the economy is at full employment. d. equilibrium real GDP is well below full employment.
Suppose that John allocates $10,000 of his disposable income for necessities. Any additional income beyond that is both spent and saved. Assume he has a disposable annual income of $50,000 and an MPC=0.8. Based on this information the additional amount spent on non-necessities should be:
A. $10,000. B. $40,000. C. $32,000. D. $35,000.
Identify a disadvantage of organizational charts
Which of the following is not included in Nation A's financial account?
a. Foreign deposits of funds in savings accounts in Nation A. b. Purchases and sales of forestry and air rights. c. Foreign purchases of Nation A's Treasury bills. d. All the above.