Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter7: Production, Costs, And Industry Structure
Section: Chapter Questions
Problem 23RQ: Which costs are measured on per-unit basis: fixed costs, average cost, avenge variable cost,...
Related questions
Question
If a firm has fixed costs, then its ________ cost exceeds its ________ cost.
a.average total; average variable
b.total fixed; total
c.average variable; average total
d.total variable; total
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