Lower Levels of Capacity Utilization Impose Higher Costs on Firms

question 8

True/False

Lower levels of capacity utilization impose higher costs on firms (as fixed costs are spread over a smaller volume of business).This encourages firms to raise prices.

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Infants

Persons under the age of majority; also known as minors.

Condominium

A type of real estate ownership where an individual owns a unit within a larger complex, with shared ownership of common areas.

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The act of transferring money or money's worth from one party to another as compensation for goods, services, or to fulfill a legal obligation.

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