Fixed Costs Are Those Costs That Are

question 57

Multiple Choice

Fixed costs are those costs that are

• A)zero if the firm produces no output in the short run.
• B)unchanging through time.
• C)independent of the rate of output.
• D)for inputs whose prices are fixed.

---

Definitions:

Vulva

External genitalia of the female, composed of the mons pubis, the labia majora and minora, the clitoris, the vestibule of the vagina and its glands, and the opening of the urethra and of the vagina; also called pudendum.

Mons Pubis

A rounded mass of fatty tissue found over the pubic bone of adult females, becoming more prominent after puberty.

Clitoris

An erectile organ in the female reproductive system, sensitive to sexual arousal and pleasure.

Follicular Phase

Time between the end of menses and ovulation, characterized by rapid division of endometrial cells and development of follicles in the ovary; also called proliferative phase.