Author Question: In the long run, which of the following is considered a variable cost? A) Expenditures for wages ... (Read 27 times)

c0205847 · **on:** Jul 1, 2018

In the long run, which of the following is considered a variable cost?

A) Expenditures for wages
B) Expenditures for research and development
C) Expenditures for raw materials
D) Expenditures for capital machinery and equipment
E) all of the above

Question 2

The individual pictured in Figure 5.2

A) must be risk-averse.
B) must be risk-neutral.
C) must be risk-loving.
D) could be risk-averse, risk-neutral, or risk-loving.
E) could be risk-averse or risk-loving, but not risk-neutral.