Author Question: From the standpoint of a soft drink company the question of What goods and services should be ... (Read 132 times)

tatyanajohnson · **on:** Jul 1, 2018

From the standpoint of a soft drink company the question of What goods and services should be produced? is best represented by which of the following decisions?

A) whether or not to hire additional workers
B) whether or not to increase its advertising
C) whether or not to shut down selected manufacturing facilities
D) None of the above are examples.

Question 2

Fixed costs are

A) a production expense that does not vary with output.
B) a production expense that changes with the quantity of output produced.
C) equal to total cost divided by the units of output produced.
D) the amount by which a firm's cost changes if the firm produces one more unit of output.