40) What happens when a business is operating a factory in the short run? A. The business cannot alter variable costs. B. Average fixed cost rises as output increases. C. Total cost and variable cost are usually the same. D. The business cannot adjust the quantity of fixed inputs.
40) What happens when a business is operating a factory in the short run? A. The business cannot alter variable costs. B. Average fixed cost rises as output increases. C. Total cost and variable cost are usually the same. D. The business cannot adjust the quantity of fixed inputs.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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I need help with econ multiple hw questions asap!
40) What happens when a business is operating a factory in the short run?
- A. The business cannot alter variable costs.
- B. Average fixed cost rises as output increases.
- C. Total cost and variable cost are usually the same.
- D. The business cannot adjust the quantity of fixed inputs.
39) What is tax revenue?
- A. the amount of the tax times the amount of the good sold
- B. the amount of the tax minus the amount of the good sold
- C. the amount of the tax divided by the amount of the good sold
- D. the amount of the tax plus the amount of the good sold
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