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Author Question: In the short run, a. all inputs are fixed. b. all inputs are variable. c. some inputs are fixed. ... (Read 150 times)

james0929

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  • Posts: 586
on: Jul 1, 2018
In the short run,
 a. all inputs are fixed.
  b. all inputs are variable.
  c. some inputs are fixed.
  d. no production occurs.

Question 2

As long as marginal cost is below average cost, average cost will be
 a. falling
  b. rising.
  c. constant.
  d. changing in a direction that cannot be determined without more information


mistyjohnson

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

a


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