Multiple Choice
After constructing a new factory, the cost of building the factory is a
A) sunk cost.
B) variable cost.
C) past cost.
D) None of the above answers is correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q121: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -In the above
Q122: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The above table
Q123: As output increases, total cost _ ,
Q124: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The above figure
Q125: By using more labour to produce more
Q127: The law of diminishing marginal returns occurs
Q128: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The table above
Q129: Jefferson's Cleaners<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt="Jefferson's Cleaners
Q130: If a firm's marginal product of labour
Q131: Ernie's Earmuffs produces 200 earmuffs per year