Which of the following does not change in the short run?<...
Which of the following does not change in the short run?
Variable cost
Marginal cost
Total cost
Fixed cost
Correct answer is D
The short run is a production phase where at least one factor of production is fixed.
Fixed costs are expenditures that do not change based on the level of production, at least not in the short run. Whether you produce a lot or a little, the fixed costs are the same.
Disposable income is the income earned ...
The movement of people from rural to urban areas affects the ...
What is the equilibrium quantity? ...
A movement along the same demand curve is caused by the ...
A cheque book is issued to customers of a bank operating a ...
In the distribution channels for goods and services, the middleman's mark-up margin provides a r...