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Author Question: If a competitive firm is operating in short run equilibrium and then its fixed costs fall by 40 ... (Read 29 times)

kfurse

  • Hero Member
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  • Posts: 590
on: Jun 30, 2018
If a competitive firm is operating in short run equilibrium and then its fixed costs fall by 40 percent, it should:
 a. use more labor and less capital in current production.
  b. not change its output.
 c. increase its output.
 d. decrease its output.

Question 2

The poverty threshold is often determined in terms of the expenditure on meals that meet a predetermined nutritional standard.
 a. True
  b. False
  Indicate whether the statement is true or false


olderstudent

  • Sr. Member
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  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

True


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