If the Price of a Fixed Factor of Production Increases,then

question 90

Multiple Choice

If the price of a fixed factor of production increases,then

• A) total costs are unchanged.
• B) marginal costs will increase.
• C) variable costs are unchanged.
• D) variable costs will increase.

---

Definitions:

Collection Policy

A set of guidelines and procedures followed by a business to collect accounts receivable or outstanding debts from clients or customers.

Collection Policy

A collection policy outlines the procedures a company uses to collect accounts receivable, including timelines, communication strategies, and actions for overdue payments.

Accounts Receivables

The amount of money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Payables Policy

A company's set of guidelines or practices for managing its accounts payable, including terms of payment and prioritizing of payments.