The formula for total fixed cost is
A. TFC = TVC -TC.
B. TFC = TC + TVC.
C. TFC = TC -TVC.
D. TFC = TC/TVC.
Answer: C
You might also like to view...
A sharp increase in the price of beef that causes consumers to switch to chicken is predicted to ________ the real wage and ________ employment of unskilled workers in a poultry processing plant.
A. increase; increase B. increase; not change C. increase; decrease D. decrease; decrease
It appears that many business firms discriminate against hiring young women of child bearing age in the United States and that this type of discrimination has been reduced in Europe
This may be an example of successful government intervention because A) many European governments have laws against this type of discrimination. B) many European governments subsidize maternity leave and child care, lowering the cost of hiring these women. C) Europeans are less likely to discriminate on the basis of gender. D) Europeans are more likely to discriminate on the basis of gender.
The slope of the per person production function is
A) the marginal product of labor. B) the marginal product of capital. C) lower for a poor country than for a rich country. D) higher for a rich country than for a poor country.
Since 1976 our merchandise balance of trade has been ____ and our services balance of trade has been _____.
A. positive; positive B. negative; negative C. negative; positive D. positive; negative