hich of these statements is false? Oa. There are no fixed costs in the long run. Ob. Total costs are equal to total fixed costs plus total variable costs. c. In the short run, all inputs are fixed inputs. d. A fixed cost is a cost that does not change as output changes.

hich of these statements is false? Oa. There are no fixed costs in the long run. Ob. Total costs are equal to total fixed costs plus total variable costs. c. In the short run, all inputs are fixed inputs. d. A fixed cost is a cost that does not change as output changes.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 3CQQ

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Question

Which of these statements is false?
Oa. There are no fixed costs in the long run.
b. Total costs are equal to total fixed costs plus total variable costs.
c. In the short run, all inputs are fixed inputs.
d. A fixed cost is a cost that does not change as output changes.

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