If a firm increases production, then its:
A. variable costs rise.
B. fixed costs stay the same.
C. total costs increase.
D. All of these are true.
D. All of these are true.
You might also like to view...
Relative to the demand curve for low-skilled workers, the demand curve for high-skilled workers lies
A) to the right. B) to the left. C) below. D) in the same place.
Refer to Figure 4-3. What is the total amount that Kendra is willing to pay for 1 ice cream cone?
A) $0.50 B) $3.50 C) $9.00 D) $13.50
Which economist argued that high tax rates can produce less tax revenues?
a. Robert Ferber b. A. W. Phillips c. Alex Maxwell d. Frantisek Bass e. Arthur Laffer
Given implicit or explicit resource price agreements, if the actual price level is below the expected price level in an economy, the _____
Fill in the blank(s) with the appropriate word(s).