Multiple Choice
A fixed cost that the firm cannot avoid if it shuts down and produces zero output must be:
A) an accounting cost.
B) a marginal cost.
C) an equilibrium cost.
D) a sunk cost.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q33: Characteristics of a short-run perfectly competitive equilibrium
Q34: Buyers and sellers take the market price
Q35: The short-run supply curve for a firm
Q36: Suppose that, at the current level of
Q37: In a constant cost industry, the long
Q39: Each individual buyer or seller has an
Q40: A characteristic of a perfectly competitive market
Q41: Short-run perfectly competitive equilibrium is defined as:<br>A)the
Q42: In a long-run perfectly competitive equilibrium, firms
Q43: Economic value added is defined as:<br>A)the same