Total variable costs: a. are costs associated with short-run ...

[joblessjake]

Total variable costs:
 a. are costs associated with short-run fixed capital.
 b. are so named because they vary from firm to firm within an industry.
  c. increase as production increases.
 d. decrease as production increases.

Question 2

If the price of capital falls, _____.
 a. the supply of capital increases
  b. the quantity supplied of capital decreases
  c. the quantity supplied of capital increases
  d. the quantity supplied of capital remains unchanged
  e. the supply of capital decreases

[Jmfn03]

Answer to Question 1

c

Answer to Question 2

b

[joblessjake]

Thank you

[Jmfn03]

No problemo