Multiple Choice
In the short run,a firm's total costs are the sum of ________ costs and ________ costs.
A) average; marginal
B) input; output
C) fixed; average
D) marginal; variable
E) variable; fixed
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q62: Costs of owner-supplied resources are _ costs.<br>A)
Q63: A rising marginal cost curve reflects a
Q64: A rising marginal cost curve intersects the<br>A)
Q65: The following question are based on the
Q66: The next question is based on the
Q68: This diagram shows hypothetical demand curves for
Q69: Approximately what percentage of their income do
Q70: The law of diminishing marginal utility means
Q71: If the marginal utility of food divided
Q72: A consumer buying food and clothing is