Which of the Following Is True of Fixed Costs

question 104

Multiple Choice

Which of the following is true of fixed costs?

• A)Fixed costs can be changed,but it is extremely costly to do so in a short period of time.
• B)Fixed costs cannot be changed in the long-run.
• C)Fixed costs can be changed,but only in the short run.
• D)Fixed costs cannot be changed in the short-run,because most firms experience constant returns to scale in the short run.