Solved

Which of the Following Is Most Likely to Be a Fixed

Question 65

Multiple Choice

Which of the following is most likely to be a fixed input in the short run for Joe's Garage?


A) the grease used to lubricate cars
B) the part-time labor employed to repair cars
C) the inventory of replacement parts
D) the electricity used to heat and light the garage
E) the garage used to repair cars

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q60: Samantha has been working for a law

Q61: Samantha has been working for a law

Q62: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3973/.jpg" alt=" -Figure 7-8 shows

Q63: When the marginal product of labor increases

Q64: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3973/.jpg" alt=" -Figure 7-1 shows

Q66: Suppose that minimum efficient scale is approximately

Q67: Which of the following would be an

Q68: If the marginal product of labor rises,the

Q69: If significant economies of scale continue as

Q70: The short run for Barbara's Bakery is