If a Firm Produces Nothing, Which of the Following Costs

question 164

Multiple Choice

If a firm produces nothing, which of the following costs will be zero?

• A) total cost
• B) fixed cost
• C) opportunity cost
• D) variable cost

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Definitions:

Dual-Career Spouse

A situation where both spouses or partners have careers and work outside the home, often leading to challenges in balancing work and family life.

Stay-at-Home Dads

Fathers who choose to stay home to care for their family and manage household duties instead of working outside the home.

Breadwinner

A person who earns money to support their family, typically the sole or primary earner in a household.

Discretionary Income

Money remaining after the costs of basic necessities have been paid.