Multiple Choice
After constructing a new factory, the cost of building the factor is a
A) past cost.
B) variable cost.
C) significant cost.
D) taxable cost.
E) sunk cost.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q8: In the long run,a firm has no
Q29: The average product of labour equals<br>A)the slope
Q31: The law of diminishing marginal returns refers
Q49: The ATC curve shifts upward if<br>A)factor prices
Q72: The steeper the slope of the total
Q100: A firm's total product curve describes<br>A)the minimum
Q112: Which one of the following statements is
Q117: Use the table below to answer the
Q124: Marginal product<br>A)is always negative.<br>B)equals the slope of
Q125: Choose the correct equation.<br>A)TFC = TC/Q<br>B)TFC =