Total fixed costs of production in the short run

A) cannot be reduced by producing less output.
B) can be reduced by producing more output.
C) are small in comparison to variable costs.
D) increase as the firm produces more output.

Question

Kiraa Bullock · Accepted Answer

Final Answer : A, Explanation :  Total fixed costs of production in the short run cannot be reduced by producing less output because they are incurred regardless of the level of output produced.

Total fixed costs of production in the short run

A) cannot be reduced by producing less output.
B) can be reduced by producing more output.
C) are small in comparison to variable costs.
D) increase as the firm produces more output.

Definitions

Learning Objectives

Learning Objectives

Related questions

Total fixed costs of production in the short runA) cannot be reduced by producing less output.B) can be reduced by producing more output.C) are small in comparison to variable costs.D) increase as the firm produces more output.

Definitions

Learning Objectives

Learning Objectives

Related questions

Total fixed costs of production in the short run

A) cannot be reduced by producing less output.
B) can be reduced by producing more output.
C) are small in comparison to variable costs.
D) increase as the firm produces more output.