Author Question: Total fixed cost is the sum of all A) costs of the firm's fixed factors of production. B) costs ... (Read 400 times)

savannahhooper · **on:** Jun 29, 2018

Total fixed cost is the sum of all

A) costs of the firm's fixed factors of production.
B) costs associated with the production of goods.
C) costs that rise as output increases.
D) the marginal costs of the different factors of production.

Question 2

Unlimited liability is NOT a characteristic of

A) corporations.
B) partnerships.
C) proprietorships.
D) the market economy today.