If the fixed cost of production is $100, then output will be 9 units (enter your response using an integer) and profit will be $ 131. If the fixed cost of production is $120, then output will be 9 units and profit will be $ 111. If the fixed cost of production is $140, then output will be 9 units and profit will be $ 91 What general conclusions can you reach about the effects of fixed costs on the firm's output choice? The firm's output choice O A. is affected by fixed costs because such costs decrease price. B. is unaffected by fixed costs because such costs leave profits unchanged. O C. is affected by fixed costs because such costs increase total costs. D. is unaffected by fixed costs because such costs leave total costs unchanged. E. is unaffected by fixed costs because such costs leave marginal costs unchanged.

If the fixed cost of production is $100, then output will be 9 units (enter your response using an integer) and profit will be $ 131. If the fixed cost of production is $120, then output will be 9 units and profit will be $ 111. If the fixed cost of production is $140, then output will be 9 units and profit will be $ 91 What general conclusions can you reach about the effects of fixed costs on the firm's output choice? The firm's output choice O A. is affected by fixed costs because such costs decrease price. B. is unaffected by fixed costs because such costs leave profits unchanged. O C. is affected by fixed costs because such costs increase total costs. D. is unaffected by fixed costs because such costs leave total costs unchanged. E. is unaffected by fixed costs because such costs leave marginal costs unchanged.

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter13: Factor Markets: With Emphasis On The Labor Market

Section: Chapter Questions

Problem 4QP: Compare the firms least-cost rule with how buyers allocate their consumption dollars.

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