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Author Question: Total variable costs: a. are costs associated with short-run fixed capital. b. are so named because ... (Read 39 times)

joblessjake

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on: Jun 30, 2018
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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

b


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joblessjake

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Reply #2 on: Jun 30, 2018
Thank you


Jmfn03

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Reply #3 on: Jun 30, 2018
No problemo


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