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.

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Definitions:

Decision-making Skills

The ability to select between two or more alternatives to reach the best outcome in the shortest time.

Monitoring Behavior

Observing and checking the progress or quality of (someone's or something's) actions over a period of time.

Parent-child Relationship

The dynamic and interpersonal connection between a parent and their child, characterized by varying degrees of love, conflict, care, and communication.

Adolescence

The transitional stage of physical and psychological development that generally occurs during the period from puberty to legal adulthood.