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treetreee treetreee
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5 years ago

Question 1.

Which of the following would NOT be considered a fixed cost of production?

• insurance payments on plant and equipment

• the opportunity cost of capital

• wages paid to labor

• interest payments on a loan

Question 2.

Which of the following would be an example of a fixed cost to a firm?

• electricity and other fuel costs

• wages for the laborers

• the cost of raw materials

• rent for the building it occupies
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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jzhu11jzhu11
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5 years ago
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treetreee Author
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#2
5 years ago
Thanks
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