Total Fixed Costs of Production in the Short Run

question 116

Multiple Choice

Total fixed costs of production in the short run

• A)cannot be reduced by producing less output.
• B)can be reduced by producing more output.
• C)are small in comparison to variable costs.
• D)increase as the firm produces more output.

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Definitions:

Alkene Products

Chemical substances resulting from reactions involving alkenes, which are hydrocarbons with at least one carbon-carbon double bond.

Predominate

To be the strongest or main element; to have a commanding or dominant position.

2-Methylbutane

An organic compound, also known as isopentane, characterized by a branched chain of carbon atoms, used as a refrigerant and in organic synthesis.

2-Methylbut-1-ene

An alkene with the formula C5H10, featuring a double bond at the first position and a methyl group at the second position.