Firms have ________ over their ________ costs in the short run.

A. no control; fixed
B. control; overhead
C. no control; variable
D. control; fixed


Answer: A

Economics

You might also like to view...

A deadweight loss occurs when the market is functioning efficiently

Indicate whether the statement is true or false

Economics

If your bank pays you 6% interest on a savings account and inflation is 2%, your approximate real rate of interest is

A) 2%. B) 4%. C) 8%. D) 12%.

Economics

Which of the following is true of the United States?

a. It has been and continues to be a net capital exporter. b. It is today the world's largest debtor nation. c. It was, until the last decade, a net capital importer. d. It has historically been a debtor nation. e. It is the world's largest creditor nation.

Economics

Which of the following is assumed to be constant along a per-worker production function?

a. Output per worker b. Capital per worker c. Level of technology d. Amount of capital e. Amount of output

Economics