A Firm Has Fixed Costs

question 79

Multiple Choice

A firm has fixed costs

• A) in the short run and in the long run.
• B) in the short run but not in the long run.
• C) in the long run but not in the short run.
• D) neither in the long run nor in the short run.

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Definitions:

Nutrition

The process of providing or obtaining the food necessary for health and growth.

Worms

Invertebrate animals with a long, soft body without limbs, found in many environments.

Birds Depend

The ecological principle that birds' survival and reproductive success depend on various environmental factors.

Union

An association or amalgamation of individuals or groups for a common purpose, often used in the context of labor organizations or the act of joining.