Fixed cost is: Multiple Choice

usually zero in the short run.

the cost of producing one more unit of capital, for example, machinery.

any cost that does not change when the firm changes its output.

average cost multiplied by the firm's output.

In two to three sentences, explain how a tariff on cars can reduce the demand for imported cars.

What goods do you buy already prepared rather than make yourself? What determines if you buy a product or make it from scratch?

Veronica's dress shop marks down a pair of shoes 15% when the customer purchases the shoes with a dress or pantsuit. the sale price of the shoes was $59.00. how much would the shoes cost if purchased alone?

Exercise 7-14A Recording Credit Card Sales LO 7-6 Luna Company accepted credit cards in payment for $6,950 of services performed during July Year 1. The credit card company charged Luna a 3.

Economan has been infected by the free enterprise bug. He invests in some equipment to do research and publish results. He sets up and runs a firm that studies extraterrestrial genetic studies.

Billy Bob's Barber Shop knows that 5% increase in the price of their haircuts results in a 15% decrease in the number of haircuts purchased. What is the elasticity of demand facing Billy Bob's Barber shop

Why do companies commonly place new hires on probation?

Assume that during 2019, Cypress Semiconductor Corporation reported net cash provided by operating activities of $155,040,000, net cash used in investing activities of $207,125,000 (including cash spent for plant assets of $132,415,000), and net

On November 1, 2012, The Bagel Factory signed a $100,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on May 1, 2013.

Consider the market for dog walkers that is currently in equilibrium. If the government institutes a minimum wage that is below the market wage, what will be the consequence for dog walkers? Select the correct answer below: A.