Multiple Choice
In short-run profit maximization,businesses focus on the ______,holding fixed costs constant.
A) long-term cost function
B) average input cost
C) short-term cost function
D) short-term production function
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q9: The main objective of a business in
Q10: Outputs are always goods.
Q11: Variable costs are relevant for<br>A) long-term strategic
Q12: _ is the added revenue from producing
Q13: In a simple lawn-mowing business where you
Q15: What happens to the marginal product of
Q16: Output divided by the number of hours
Q17: Explain,with an example,the type of short-term decisions
Q18: Inputs used by a business in the
Q19: Average product is not as reliable an