Latoya R.

asked • 01/10/20

What is true of firm costs in the short-run?

What is true of firm costs in the short-run?

a. they are variable

b. they are fixed

c. some are variable and some are fixed

d. there are no costs in the short-run 


1 Expert Answer

By:

Lenny D. answered • 01/10/20

Tutor
4.8 (563)

Former Tufts Economics Professor and Wall Street Economist

See tutors like this
See tutors like this

" In the long run we are all dead" --- John Meynard Keynes

"In the Short Run we have to deal will sunk costs" My Father

Some costs are fixed and some are variable

Upvote • 0 Downvote
More
Report

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.