In the Long Run,fixed Costs Are

question 31

Multiple Choice

In the long run,fixed costs are

• A) sunk.
• B) avoidable.
• C) larger than in the short run.
• D) not included in production decisions.

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Definitions:

Rules

Guidelines or principles governing behavior or procedural conduct.

Behavior-Reinforcement Belief Expectancy

A concept in psychology that suggests an individual's belief in the likelihood of receiving reinforcement for a behavior influences the expectancy and motivation to perform that behavior.

Contiguity

The state of being close together in time or space, often used in psychology to describe the association between two stimuli or events.

Expectations

Beliefs or predictions about future events based on past experiences or information.