Multiple Choice
Angel Rodriguez pulls up in his 24-foot panel truck in front of Sezz Medi Brick Oven Pizza in Upper Manhattan. Even though it's the middle of the summer, he's delivering- firewood. He says even though fuel costs have doubled in the past year, it's still worth the premium he gets delivering ash and cherry to the captive and growing market in NYC. Which of the following statements is TRUE about short run costs for Angel?
A) His truck is a fixed cost and gasoline is a variable cost.
B) His truck is a variable cost and gasoline is a fixed cost.
C) Both his truck and gasoline is a variable cost.
D) Neither his truck nor gasoline is a variable cost.
Correct Answer:

Verified
Correct Answer:
Verified
Q114: How do we calculate average fixed cost
Q115: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above figure
Q116: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Silvio's Pizza is
Q117: A common source of diseconomies of scale
Q118: The marginal product of labor is the
Q120: Diminishing marginal returns means that the firm
Q121: Jefferson's Cleaners<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt="Jefferson's Cleaners
Q122: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The table above
Q123: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt="
Q124: If marginal cost is less than average