Which of the following statements is false? a. fixed costs are never relevant. b. variable costs are never relevant. c.usually, variable costs are irrelevant. d. step costs are irrelevant when a decision alternative requires moving outside of the existing relevant range. e. all of these choices are correct.
Answers: 3
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Afood worker has just rinsed a dish after cleaning it.what should he do next?
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Acoase solution to a problem of externality ensures that a socially efficient outcome is to
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Suppose that alexi and tony can sell all their street tacos for $2 each and all their cuban sandwiches for $7.25 each. if each of them worked 20 hours per week, how should they split their time between the production of street tacos and cuban sandwiches? what is their maximum joint revenue?
Answers: 3
Which of the following statements is false? a. fixed costs are never relevant. b. variable costs ar...
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