Solved

Costs Incurred Only When Production Occurs Are Known As

Question 3

Multiple Choice

Costs incurred only when production occurs are known as:

A) explicit costs.
B) fixed costs.
C) variable costs.
D) technological expenses.

Related Questions

Q1: Economies of scale A)set in as soon as

Q2: Marginal costs and average variable costs are

Q4: Utility is the concept which is: A)Objective B)Subjective C)Both D)None

Q5: Change in utility resulting from one unit

Q6: The total product curve may initially show

Q7: If labour is the only variable resource

Q8: In economic theory the costs of a

Q9: Which of the following is irrelevant for

Q10: Diminishing marginal returns are most compatible with: A)economies

Q11: Saturation point is the point where: A)TU =