This chapter discusses many types of costs: opportunity cost, explicit costs, fixed cost, variable cost, average fixed cost, and average variable cost. Fill in the type of cost that best completes each sentence In a pizza industry, the cost of the factory is a(n) fixed cost only in the short run but not in the long run. is always falling as the quantity of output increases. A cost that depends on the quantity produced is a(n) variable cost . The term opportunity cost refers to all the things you must give up for taking some action. The term refers to costs that involve direct monetary payment by the firm. is falling when marginal cost is below it and rising when marginal cost is above it.

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Explanation:

In a pizza industry, the cost of the factory is a (fixed cost) only in the short run but not in the long run.

(Average fixed cost) is always falling as the quantity of output increases.

A cost that depends on the quantity produced is a (variable cost).

The term (opportunity cost) refers to all the things you must give up for taking some action.

The term (explicit cost) refers to costs that involve direct monetary payment by the firm.

(Average variable cost) is falling when marginal cost is below it and rising when marginal cost is above it.

the u.s. census bureau produces data on the population and economy nationwide. it can you to analyze the kind of people living in your neighborhood. it does not show you the market of people willing to buy your product or an existing market for your product. that will require more market research. the census bureau only gives you an insight to the demographics in your area.

answer; the nav calculated at the market close at 4: 00 pm new york time;