True or False, and explain pls. Variable costs are sunk in the short run, but not...
True or False, and explain pls.
Variable costs are sunk in the short run, but not in the long run.
does Variable costs considered sunk costs?
Homework Answers
False , sunk cost are cost that are invested only once. While variable cost cannot be treated as sunk cost as we can not produce anything and will not pay the variable cost. Both in the long run as well as in short run
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True or False, and explain pls.
Variable costs are sunk in the short run, but not...
In the short-run, what is the difference between variable costs and fixed costs? Why are fixed...
In the short-run, what is the difference between variable costs and fixed costs? Why are fixed costs call sunk? Why would your economics professor never ask you the question, "What is the difference between variable costs and fixed costs in the long-run?"
sunk costs are budgeted costs. True or false
sunk costs are budgeted costs. True or false
Managers have no discretion on sunk costs. True or False
Managers have no discretion on sunk costs. True or False
Define short run and long run in microeconomics. Explain how short-run and long-run average total costs...
Define short run and long run in microeconomics. Explain how short-run and long-run average total costs (ATC) differ.
True or false 1. The portion of unemployment that is due to the short-run /skill matching...
True or false
1. The portion of unemployment that is due to the short-run /skill matching problems is called structural unemployment 2. A retiree is considered to be not in the labor force
8) Opponents of variable costing argue that in the long run all costs are variable. (4pts)...
8) Opponents of variable costing argue that in the long run all costs are variable. (4pts) True O False 9) Fixed non-manufacturing costs are classified as period costs under variable costing, but not under absorption costing. True False
Which of the following statements is true about a competitive market in the long run? 1....
Which of the following statements is true about a competitive market in the long run? 1. It is possible that existing firms make negative profit. II. It is possible that existing firms make positive profit. Only II. is true. Only I. is true. O Both are true. Both are false. Question 9 (1 point) Suppose that a firm in a perfectly competitive market has sunk fixed cost and If the market price is above the minimum point on the short-run...
Short-run and long-run average cost curves cannot be U-shaped under constant return to scale. True or...
Short-run and long-run average cost curves cannot be U-shaped under constant return to scale. True or false. Explain your answer intuitively with the help of one graph.
Short-run and long-run average cost curves cannot be U-shaped under constant return to scale. True or...
Short-run and long-run average cost curves cannot be U-shaped under constant return to scale. True or false. Explain your answer intuitively with the help of one graph.
Question 5 Is the following statement true, false, or ambiguous? Justify your answer.“If the short-run average...
Question 5 Is the following statement true, false, or ambiguous? Justify your answer.“If the short-run average cost curve is U-shaped, then the short-run average variable cost curve must also be U-shaped.” (Hint: Recall that output must be non-negative.)
True or false
1. The portion of unemployment that is due to the short-run /skill matching problems is called structural unemployment 2. A retiree is considered to be not in the labor force
8) Opponents of variable costing argue that in the long run all costs are variable. (4pts) True O False 9) Fixed non-manufacturing costs are classified as period costs under variable costing, but not under absorption costing. True False
Which of the following statements is true about a competitive market in the long run? 1. It is possible that existing firms make negative profit. II. It is possible that existing firms make positive profit. Only II. is true. Only I. is true. O Both are true. Both are false. Question 9 (1 point) Suppose that a firm in a perfectly competitive market has sunk fixed cost and If the market price is above the minimum point on the short-run...
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