If the fixed cost of production is $100, then output will be 9 units (enter your response using an integer) and profit will be $ 131. If the fixed cost of production is $120, then output will be 9 units and profit will be $ 111. If the fixed cost of production is $140, then output will be 9 units and profit will be $ 91 What general conclusions can you reach about the effects of fixed costs on the firm's output choice? The firm's output choice O A. is affected by fixed costs because such costs decrease price. B. is unaffected by fixed costs because such costs leave profits unchanged. O C. is affected by fixed costs because such costs increase total costs. D. is unaffected by fixed costs because such costs leave total costs unchanged. E. is unaffected by fixed costs because such costs leave marginal costs unchanged.

If the fixed cost of production is $100, then output will be 9 units (enter your response using an integer) and profit will be $ 131. If the fixed cost of production is $120, then output will be 9 units and profit will be $ 111. If the fixed cost of production is $140, then output will be 9 units and profit will be $ 91 What general conclusions can you reach about the effects of fixed costs on the firm's output choice? The firm's output choice O A. is affected by fixed costs because such costs decrease price. B. is unaffected by fixed costs because such costs leave profits unchanged. O C. is affected by fixed costs because such costs increase total costs. D. is unaffected by fixed costs because such costs leave total costs unchanged. E. is unaffected by fixed costs because such costs leave marginal costs unchanged.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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