Even If a Jam Maker Does Not Attempt to Produce

question 22

Multiple Choice

Even if a jam maker does not attempt to produce any jam and therefore does not hire any labor, the producer still must pay for

• A) variable costs
• B) extra-normal profits
• C) the fixed cost of capital

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Definitions:

Motivated

Refers to the drive or desire to achieve goals, pursue activities, or accomplish tasks.

Chewing Gum

A flavored and sweetened rubbery substance intended to be chewed without being swallowed.

Distracting

Causing one's attention to be diverted from a task or train of thought.

Empathetic

The ability to understand and share the feelings of another.