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Author Question: Which of the following statements is true? (Read 32 times)

Chelseaamend

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on: Apr 19, 2019

Question 1

Short-run costs that do 
not depend on the level of output are


◦ total fixed costs only.
◦ total variable costs only.
◦ total costs only.
◦ both total variable costs and total costs.

Question 2

Which of the following statements is 
true?


◦ The total variable cost curve decreases as output increases.
◦ The total variable cost curve shows the variable costs of production given current factor prices.
◦ Total variable cost is always greater than total fixed cost.
◦ Total variable cost is inversely related to output.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Chelseaamend on Apr 19, 2019

Harbringer

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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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Chelseaamend

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Reply 2 on: Apr 19, 2019
:D TYSM

covalentbond

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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