Fixed costs
A) are always sunk.
B) are avoidable.
C) are sometimes sunk.
D) sunk in the short run, but not in the long run.
C
You might also like to view...
Money performs all of the following functions EXCEPT serving as a i. medium of exchange. ii. unit of account. iii. barter mechanism
A) i only B) ii only C) iii only D) i and ii E) ii and iii
The NAFTA treaty includes side agreements on ________________, ______________, and _________________.
Fill in the blank(s) with the appropriate word(s).
When the government runs a budget deficit,
a. interest rates are lower than they would be if the budget were balanced. b. national saving is higher than it would be if the budget were balanced. c. investment is lower than it would be if the budget were balanced. d. All of the above are correct.
Economists can be college professors or business analysts. If there is an increase in businesses' need for economic analysis,
a. the wage of economists will tend to decrease. b. colleges will have to pay less money to hire economists as professors. c. more economists will decide to become professors. d. fewer economists will decide to become business analysts. e. All of the above.