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.Management Sciences
A. total fixed cost only.
B. total variable costs only.
C. both total variable costs and total costs.
D. total costs only
Related Mcqs:
- In the long run ?
- A. all firms must make economic profits. B. there are no fixed factors of production C. a firm can vary all inputs, but it cannot change the mix of inputs it uses. D. a firm can shut down, but it cannot exit the industry...
- If the ABC Typing Service is earning a rate of return greater than the return necessary for the business to continue operations, then ?
- A. normal profit is zero B. total costs exceed total revenue C. total costs exceed normal profit D. the firm is earning are economic profit...
- A graph showing all the combinations capital and labor available for a given total cost is the ?
- A. expenditure set B. isocost line. C. budget constraint D. isoquant...
- The formula for average variable cost (AVC) is ?
- A. DTVC/Dq B. q/TVC C. Dq/DTVC D. TVC/q...
- A form of industry structure characterized by a few firms, each large enough to influence market price is ?
- A. perfect competition B. monopolistic competition C. oligopoly D. monopoly...
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