9. In the short run, a firm incurs fixed costs a) only if it incurs variable costs. b) only if it produces no output....
9. In the short run, a firm incurs fixed costs
a) only if it incurs variable costs.
b) only if it produces no output.
c) only if it produces a positive quantity of output.
d) whether it produces output or not.
Homework Answers
Answer
d) whether it produces output or not.
The firm incurs fixed cost whether its product or not because the fixed cost cannot be avoided by no production or shutdown.
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9. In the short run, a firm incurs fixed costs
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