In the Long Run, Fixed Costs Are

question 56

Multiple Choice

In the long run, fixed costs are

• A) zero and variable costs are zero.
• B) zero and variable costs are positive.
• C) positive and variable costs are zero.
• D) positive and variable costs are positive.

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Definitions:

Network Design Decision

The strategic choices involved in designing the configuration and capabilities of a supply chain network, including facility locations, capacities, and transportation routes.

Firm's Profits

Total earnings a company retains after subtracting all costs, expenses, taxes, and charges from its total revenue.

Customer Needs

The specific expectations and preferences of consumers that influence their purchasing behavior and brand loyalty.

Quality of Life

A measure of an individual's well-being and happiness, often considering factors like health, comfort, leisure, and economic circumstances.