Fixed costs exist only in the: Multiple Choice A. long run when some inputs are fixed....
Fixed costs exist only in the:
Multiple Choice
A. long run when some inputs are fixed.
B. long run when all inputs are fixed.
C. short run when some inputs are fixed.
D. short run when all inputs are fixed.
Homework Answers
Ans) Fixed costs are the costs that do not depend upon the level of production. Costs of building, machinery, salaries, property tax etc are some examples of fixed costs. These costs occur only in short run and there are no fixed cost in long run due to increased production.
In short run some inputs are fixed and occur even if production is zero, while other inputs vary with the level of output and it is known as variable cost.
Option c is correct.
Add Answer to:
Fixed costs exist only in the:
Multiple Choice
A. long run when some inputs are fixed....
The law of diminishing marginal productivity holds: Multiple Choice a. when all inputs are variable. b....
The law of diminishing marginal productivity holds: Multiple Choice a. when all inputs are variable. b. in the long run. c. when all inputs are fixed. d. in the short run.
In the long run, A. inputs that were variable in the short run become fixed. B...
In the long run, A. inputs that were variable in the short run become fixed. B inputs that were fixed in the short run remain fixed. C variable inputs are rarely used. D inputs that were fixed in the short run become variable.
Which of the following statements is true? a. In the short run all inputs are fixed....
Which of the following statements is true? a. In the short run all inputs are fixed. b. In the long run a firm is making the optimal input choice when the marginal products per dollar are equal among all inputs. C. Diminishing returns to labor means that adding one more worker will decrease output. d. All the above
What is the distinction between the economic short run and the economic long run? A. In...
What is the distinction between the economic short run and the economic long run? A. In the short run, the firm incurs only explicit costs, but in the long run, the firm incurs explicit and implicit costs. OB. In the short run, the firm can vary all inputs, but in the long run, at least one input is fixed. O c. In the short run, the firm incurs only variable costs, but in the long run, the firm incurs fixed...
7.Which of the following statements is true when referring to fixed costs? Multiple Choice Fixed costs...
7.Which of the following statements is true when referring to fixed costs? Multiple Choice Fixed costs increase in total throughout the relevant range. Committed fixed costs arise from the annual decisions by management. As volume increases, unit fixed cost and total fixed cost will change. Discretionary fixed costs can often be reduced to zero for short periods of time without seriously impairing the long-run goals of the company. 8 .Which of the following is an example of a period cost...
Microeconomics multiple choice questions If implicit costs equal accounting profit, economic profit must be Select one:...
Microeconomics multiple choice questions If implicit costs equal accounting profit, economic profit must be Select one: a. negative. b. positive. c. zero. d. higher in the short run than in the long run. e. higher in the long run than in the short run. The reason the change in total cost divided by the change in output is equal to the change in total variable cost divided by the change in output, is because Select one: a. total variable cost...
In the short run: options: 1) all inputs are fixed. 2) all inputs are variable. 3)...
In the short run: options: 1) all inputs are fixed. 2) all inputs are variable. 3) some inputs are fixed and some inputs are variable. 4) the quantity of output is fixed.
Multiple choice: 1.The long-run model determines ________ output and ________, while the short-run model determines ________...
Multiple choice: 1.The long-run model determines ________ output and ________, while the short-run model determines ________ and ________ inflation. a. potential; long-run inflation; current output; current b. potential; unemployment; current output; long-run c. current; long-run inflation; unemployment; current d. potential; unemployment; unemployment; current e. current; unemployment; potential output; current 2. The IS curve will shift ____ when government spending increases but will likely have an ambiguous effect if imports ______ at the same time. Moreover, consumption, as well as exports...
In economics, the difference between the short run and the long run is that: Group of...
In economics, the difference between the short run and the long run is that: Group of answer choices in the short run all inputs are fixed whereas in the long run no inputs are fixed in the short run all inputs are variable whereas in the long run all inputs are fixed in the short run at least one input is fixed whereas in the long run no inputs are fixed in the short run at least one input is...
Economies of scale occur when a firm's long-run average total cost curve is: Multiple Choice a....
Economies of scale occur when a firm's long-run average total cost curve is: Multiple Choice a. upward-sloping. b. vertical. c. downward-sloping. d. horizontal.
Which of the following statements is true? a. In the short run all inputs are fixed. b. In the long run a firm is making the optimal input choice when the marginal products per dollar are equal among all inputs. C. Diminishing returns to labor means that adding one more worker will decrease output. d. All the above
What is the distinction between the economic short run and the economic long run? A. In the short run, the firm incurs only explicit costs, but in the long run, the firm incurs explicit and implicit costs. OB. In the short run, the firm can vary all inputs, but in the long run, at least one input is fixed. O c. In the short run, the firm incurs only variable costs, but in the long run, the firm incurs fixed...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 10 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 10 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 10 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 10 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 10 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 10 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 10 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 10 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 10 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 10 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 10 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 10 months ago