Author Question: Fixed costs are best defined as: a. costs that do not vary with output. b. costs that vary with ... (Read 154 times)

tfester · **on:** Jun 30, 2018

Fixed costs are best defined as:
a. costs that do not vary with output.
b. costs that vary with output.
c. the sum of all marginal costs.
d. the change in total cost when one more unit of output is produced.

Question 2

Supporters of comparable worth claim that market correctly allocates the workers in their best paid works.
a. True
b. False
Indicate whether the statement is true or false