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JZ240 JZ240
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2 months ago

Which of these statements is false?



▸

There are no fixed costs in the long run.



▸

Total costs are equal to total fixed costs plus total variable costs.



▸

In the short run, all inputs are fixed inputs.



▸

A fixed cost is a cost that does not change as output changes.

Textbook 
Economics

Economics


Edition: 12th
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IcerX2050IcerX2050
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In the short run, all inputs are fixed inputs.
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