Fixed costs are important because, at least in the _, the firm _____. long run; cannot alter them short run;

Question

puteri [66]

3 years ago

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Fixed costs are important because, at least in the _, the firm _____. long run; cannot alter them short run;

cannot alter them long run; can alter them short run; can alter them NEXT

Business

1 answer:

Alex17521 [72] · Answer 1 · 2022-05-02T13:19:44+03:00

Answer:

The correct answers that fills the gaps are: short run; cannot alter them.

Explanation:

- Fixed costs: fixed costs cannot be altered in the short term. They mainly include things like rent, technology, etc., that require time to change, and are often associated with indirect production costs (everything that is not a direct production factor). They do not depend on the level of production and cannot be adjusted accordingly.

- Variable costs: variable costs depend on the level of production, and may include things such as productive factors (raw materials) and labor (not including fixed wages).

Fixed costs are important because, at least in the ___________, the firm _______________. long run; cannot alter them short run;

Fixed costs are important because, at least in the _, the firm _____. long run; cannot alter them short run;