Total fixed cost does not change with output in the short run.
Fixed costs exist only in the short run.
Total fixed cost must be added to total variable cost to determine total cost.
Total fixed cost equals total variable cost in the long run.
Recently Asked Questions
- You are working for a large corporation and oversee a marketing research project. For this study, your questionnaire length is 10 minutes and the incidence is
- Please refer to the attachment to answer this question. This question was created from chp 10 practioce.doc.
- Imagine you have been hired as a digital marketing manager by fusion restaurant Michiu (fusion cooking is where different cuisines are combined in surprising