40) What happens when a business is operating a factory in the short run? A. The business cannot alter variable costs. B. Average fixed cost rises as output increases. C. Total cost and variable cost are usually the same. D. The business cannot adjust the quantity of fixed inputs.

40) What happens when a business is operating a factory in the short run? A. The business cannot alter variable costs. B. Average fixed cost rises as output increases. C. Total cost and variable cost are usually the same. D. The business cannot adjust the quantity of fixed inputs.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section12.1: What Are Costs?

Problem 1QQ

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Question

I need help with econ multiple hw questions asap!

40) What happens when a business is operating a factory in the short run?

A. The business cannot alter variable costs.
B. Average fixed cost rises as output increases.
C. Total cost and variable cost are usually the same.
D. The business cannot adjust the quantity of fixed inputs.

39) What is tax revenue?

A. the amount of the tax times the amount of the good sold
B. the amount of the tax minus the amount of the good sold
C. the amount of the tax divided by the amount of the good sold
D. the amount of the tax plus the amount of the good sold

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