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Author Question: Total variable cost ________ as output increases, and total fixed cost ________ as output increases. (Read 163 times)

bobbysung

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on: Apr 19, 2019

Question 1

Economists usually assume that ________ is a fixed input in the ________ run.


◦ labor; short
◦ capital; short
◦ labor; long
◦ capital; long

Question 2

Total variable cost ________ as output increases, and total fixed cost ________ as output increases.


◦ increases; increases
◦ increases; decreases
◦ increases; does not change
◦ does not change; does not change
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by bobbysung on Apr 19, 2019

cpetit11

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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bobbysung

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Reply #2 on: Apr 19, 2019
Thank you!


cpetit11

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Reply #3 on: Apr 19, 2019
Always glad to help...


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