A fixed cost _______no matter how many of a good are produced 2 An example of fixed cost is _______ 3.A variable cost_________ with the number of units of a good produced 4.An example of a variable cost is ________ 5.In economics, the word _______means additional, so______ is the cost of producing an additional unit of a good and _____is the revenue from selling an additional unit of a good 6.Ever firm wants to maximize________
History · High School · Mon Jan 18 2021
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1) A fixed cost remains constant no matter how many of a good are produced.
2) An example of a fixed cost is rent for a factory.
3) A variable cost varies with the number of units of a good produced.
4)An example of a variable cost is the cost of raw materials.
5)In economics, the word marginal means additional, so marginal cost is the cost of producing an additional unit of a good, and marginal revenue is the revenue from selling an additional unit of a good.
6) Every firm wants to maximize profit.