In the long run

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    all inputs, such as labor, equipment and offices or factories can be varied, and so total variable cost is equal to total cost since fixed cost is equal to zero.
     all inputs, such as labor, equipment and offices or factories can be varied, and so average fixed cost is lower.
     all inputs, such as labor, equipment and offices or factories can be varied, and so total variable and fixed costs are lower.
     all inputs except labor can be varied, and so total variable cost remains unchanged but fixed cost is equal to zero.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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all inputs, such as labor, equipment and offices or factories can be varied, and so total variable cost is equal to total cost since fixed cost is equal to zero.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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