Multiple Choice
Which of the following is true in the long run?
A) Total cost equals fixed cost.
B) Total cost is constant.
C) All costs are variable.
D) Marginal cost equals zero.
E) None of the above is true in the long run.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q22: Suppose Billy owns a hair salon in
Q23: The primary goal of a business firm
Q24: Accountants calculate<br>A) economic depreciation as part of
Q25: If we know the amount of total
Q26: A firm's long-run average cost curve shows
Q28: When an economist uses the term "cost"
Q29: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The table above
Q30: A firm decreases its scale of operation
Q31: Chuck owns a factory that produces leather
Q32: The short run is a time period