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
- It has been reported that 20.4% of incoming freshmen indicate that they will major in business or related field. a random sample of 200 incoming college
- A random sample of 280 college students were asked believed that places could be haunted, and 124 responded yes. estimate the true proportion of college
- 5.1.3 Final Exam: Semester Exam In "An Indian Father's Plea," Medicine Grizzly bear Lake argues that his son, Wind Wolf, is not "a slow learner." I don't