Author Question: By producing less, a firm can reduce A) its fixed costs and its variable costs. B) its fixed ... (Read 320 times)

ETearle · **on:** Jun 29, 2018

By producing less, a firm can reduce

A) its fixed costs and its variable costs.
B) its fixed costs but not its variable costs.
C) its variable costs but not its fixed costs.
D) neither its variable costs nor its fixed costs.

Question 2

Government failure, when government actions lead to inefficiency, can result in

A) overprovision.
B) underprovision.
C) both A and B.
D) neither A nor B.