Multiple Choice
Brittany is considering opening a clothing store. She is concerned because she spent $60,000 earning a degree in biology and will not be using it. The $60,000 is an example of a _____ cost.
A) variable
B) fixed
C) total
D) sunk
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q40: (Figure: Costs) In the figure, what is
Q41: _ profit is total revenue minus accounting
Q42: _ occur when long-run average total cost
Q43: Ted's firm, Cleaning Way, produces laundry detergent.
Q44: _ occurs when long-run average total cost
Q46: (Figure: Costs) In the figure, which represents
Q47: _ is responsible for the upward slope
Q48: When Flora quits her job earning $85,000
Q49: (Figure: Production Function Data 0) In
Q50: The short run is defined as:<br>A) zero