Question
A firm's total expenses are equal to its _________ cost plus its _________ cost; only the _______ input can be changed in the short run.
A firm's total expenses are equal to its _________ cost plus its _________ cost; only the _______ input can be changed in the short run.
Total, labor, fixed
Fixed, variable, variable
Marginal, fixed, variable
Marginal, variable, total
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Economics
Authors: Campbell McConnell, Stanley Brue, Sean Flynn
21st Edition
1259723224, 9781259723223
