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Microeconomics Study Set 10
Quiz 12: The Costs of Production
If a Firm Produces Nothing,then Its
Question 39
Multiple Choice
If a firm produces nothing,then its: A) variable costs equal zero. B) fixed costs equal zero. C) total costs equal zero. D) All of these are true.
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Related questions
Q 40
If a firm stops production,then its: A) fixed costs rise. B) total costs may increase or decrease. C) variable costs drop to zero. D) All of these are true.
Q 41
If a firm increases production,then its: A) variable costs rise. B) fixed costs stay the same. C) total costs increase. D) All of these are true.
Q 42
If a firm decreases production,then its: A) variable costs rise. B) fixed costs stay the same. C) total costs increase. D) All of these are true.
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