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Fixed costs of production in the short run Multiple Choice are low in proportion to variable costs in the short run. cannot be reduced by
Fixed costs of production in the short run Multiple Choice are low in proportion to variable costs in the short run. cannot be reduced by producing less output. are a function of the level of variable costs. increase as the firm produces more output
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Macroeconomics Principles and Applications
Authors: Robert e. hall, marc Lieberman
5th edition
1111397465, 9781439038970, 1439038988, 978-1111397463, 143903897X, 9781439038987, 978-1133265238
