Input Prices Affect the Firm's ________,And Output Prices Affect the Firm's

question 2

Multiple Choice

Input prices affect the firm's ________,and output prices affect the firm's ________.

• A) revenue; costs
• B) costs; costs
• C) costs; revenue
• D) revenue; revenue
• E) decisions in the short run but not in the long run; decisions in the long run but not in the short run

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Definitions:

Fixations

An obsessive interest or feeling towards a particular object or subject.

Reader

An individual who reads or an electronic device designed for reading texts, such as an e-book reader.

Text

Written or printed words regarded as forming a piece of literature, document, or other pieces of written material.

Morphemes

are the smallest grammatical units in a language that carry meaning, such as prefixes, suffixes, and root words.