Author Question: A firm replaces a machine by hiring 3 hourly production workers instead. a. Both its fixed and ... (Read 56 times)

bio_gurl · **on:** Jun 30, 2018

A firm replaces a machine by hiring 3 hourly production workers instead.
a. Both its fixed and variable costs will fall.
b. Both its fixed and variable costs will rise.
c. Its fixed costs will rise and its variable costs will fall.
d. Its fixed costs will fall and its variable costs will rise.

Question 2

The S&P 500 index includes the stocks of 500 largest companies in the U.S.
a. True
b. False
Indicate whether the statement is true or false