When Most of a Firm's Costs Are Fixed Over a Wide

question 194

Multiple Choice

When most of a firm's costs are fixed over a wide range of outputs,the primary determinant of profitability will be the:

• A)control the firm can exercise over costs.
• B)amount of variable cost that can be recovered with the sale of each unit.
• C)amount of revenue generated by sales.
• D)marginal cost incurred in the production of a single unit.

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Definitions:

Cochlea

A spiral-shaped cavity in the inner ear containing the organ of Corti, which produces nerve impulses in response to sound vibrations.

Endo-

A prefix meaning within or inside, often used in medical and scientific terms.

Peri-

A prefix meaning around or surrounding, often used in medical terms to describe areas surrounding a structure or organ.

Audi/o

A prefix meaning related to hearing or sound.