If a firm decreases production, then its:
A. fixed costs decrease.
B. total costs stay the same.
C. variable costs decrease.
D. None of these is true.
Answer: C
You might also like to view...
Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential
The size of the labor force in a country is equal to the:
A) number of unemployed workers in the country. B) number of employed workers plus the number of unemployed workers in the country. C) number of employed workers in the country. D) number of employed workers minus the number of unemployed workers in the country.
What is arbitrage? Explain why arbitrage drives the contract price of futures to the price of the underlying asset on the expiration date, for prices above and below the asset price
What will be an ideal response?
Our balance on current account was about minus $_________ billion in 2009.
A. 300 B. 420 C. 540 D. 660