An example of a long-run cost of a firm is
...An example of a long-run cost of a firm is
Fuel and maintenace cost
The planned size of plant equipment
The existing size of plant and equipment
Rent on buildings
Correct answer is A
Long-run costs are costs that change from time to time. From the above options, expenses on fuel and maintenance are variable cost.
The indicator of the value of money in the market is the ...
A country is said to be overpopulated when ...
In the long run, a firm in a perfectly competitive market will make ...
Occupational distribution of population determines the ...
A primary industry is concerned with ...
Calculate the marginal physical product of the last unit of input ...
The overall demand for crude oil for various uses is an example of __________? ...
In the long-run, a monopolist maximized his profit when the marginal cost equals ...
During inflation, the appropriate fiscal measure to adopt is to ...
The joint ventures operating in the Nigerian oil industry are between ...