Short-run costs that do not depend on the level of output are A) total variable costs only. B) total fixed costs only. C) total costs only. D) both total variable costs and total costs
Short-run costs that do not depend on the level of output are A) total variable costs only. B) total fixed costs only. C) total costs only. D) both total variable costs and total costs
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter3: Benefits, Costs, And Decisions
Section: Chapter Questions
Problem 3.7IP
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24) Short-run costs that do not depend on the level of output are
A) total variable costs only. B) total fixed costs only.
C) total costs only. D) both total variable costs and total costs
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