Author Question: The total fixed cost of operating a lumberyard equals 12,000 this year. The average fixed cost of ... (Read 126 times)

casperchen82 · **on:** Jun 30, 2018

The total fixed cost of operating a lumberyard equals 12,000 this year. The average fixed cost of the lumberyard will not be affected by the quantity of lumber that is sold.
a. True
b. False
Indicate whether the statement is true or false

Question 2

With illegal immigration the unskilled labor supply curve:
a. shifts to the left.
b. becomes perfectly inelastic.
c. becomes perfectly elastic.
d. shifts to the right.
e. becomes non-existent.