Total Fixed Cost Is the Cost of

question 251

Multiple Choice

Total fixed cost is the cost of

• A) labor.
• B) production.
• C) a firm's fixed factors of production.
• D) only implicit factors of production.
• E) only explicit factors of production.

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Definitions:

Safety Pin

A pin, made of metal or plastic, that is designed with a simple spring mechanism and a clasp to protect the user from being poked by the sharp point.

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