When Total Fixed Costs Increase

question 57

Multiple Choice

When total fixed costs increase,

• A)the profit-maximizing level of output falls.
• B)the firm may be forced to shut down if total fixed costs get too high.
• C)economic profit decreases.
• D)both a and b
• E)both b and c

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Definitions:

Delineates Relationships

Means to clearly outline or describe the nature of relationships, often used in social sciences to explain how individuals or groups are connected.

Intentionally Reveal

The deliberate act of disclosing or exposing information that was previously unknown or hidden.

Form Interactions

The way in which different forms or elements influence or work with each other, often in the context of design or art.

Vocal Critic

An individual who frequently expresses out loud their disapproval or criticism of something.