In the Short Run, a Firm Considers Its Fixed Cost

question 181

Multiple Choice

In the short run, a firm considers its fixed cost as a(n)

• A) sunk cost.
• B) variable cost.
• C) implicit cost.
• D) marginal cost.

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Definitions:

Evergreen

A plant that sheds leaves over a long period, so some leaves are always present. Compare with deciduous.

Glycogen

A multibranched polysaccharide of glucose that serves as a form of energy storage in fungi and animals, including humans.

Cellulose

A long-chain polysaccharide composed of glucose units, forming the primary structural component of plant cell walls and providing rigidity and strength.

Dextrin

A group of low-molecular-weight carbohydrates produced by the hydrolysis of starch, used in various food and industrial applications.