If Fixed Cost Rises

question 61

Multiple Choice

If fixed cost rises,

• A)the profit-maximizing level of output would decrease.
• B)the profit-maximizing level of output would not change.
• C)marginal cost rises.
• D)variable cost falls.

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Definitions:

Recognition

The identification of something as having been previously seen, heard, known, or experienced.

Fill-in-the-blank Quiz

A type of assessment where participants are required to insert missing words or information into a sentence or paragraph.

George Miller

A cognitive psychologist best known for his theory that the average number of objects an individual can hold in short-term memory is 7 ± 2.

Short-term Memory

A type of memory that holds a small amount of information in an active, readily available state for a short period of time.