Multiple Choice
Which of the following is NOT true?
A) Rental costs for a building are sunk in the short run and fixed in the long run.
B) Rental costs for a building are avoidable in the long run.
C) Variable costs, such as ingredients for a pizza, are avoidable in the long run and the short run.
D) Rental costs for a building are fixed in the short run and sunk in the long run.
Correct Answer:
Verified
Correct Answer:
Verified
Q13: A firm's marginal cost can always be
Q22: Variable costs are<br>A) a production expense that
Q40: If the average cost of producing a
Q48: When the isocost line is tangent to
Q67: Suppose the total cost of producing T-shirts
Q71: Suppose the cost of producing two goods,x
Q76: If a firm buys a building so
Q111: Which of the following is NOT an
Q112: An old friend takes you out to
Q114: Suppose that each worker must use only