Answer:
the surplus would be $10 after this tax
If a nation's currency drops in value significantly, the International Monetary Fund could step in and buy the currency so that some stability could occur economically
Answer:
The correct answer is it becomes variable cost.
Explanation:
In the short run there are fixed costs and variable costs which sum up the total costs incurred. This is because in short run not all factors are variable, some factors are fixed as well. So, expenses on fixed factors come under fixed and those on variable factors come under variable costs.
In the long run though, all the factors are variable. All factors can be changed. So there are no fixed costs in the long run run. All the costs incurred on all factors become variable costs.
Answer:
d. any cost that does not change when the firm changes its output.
Explanation:
Fixed costs are the expenses that remain constant throughout a financial period. They are not dependent on the output level for the period. Fixed costs are budgeted at the beginning of the season and will not change as long as production does not go beyond the optimal level. Examples of fixed costs are depreciation, rents, administrative salaries, and insurance.
Variable costs contrasts fixed costs. Whereas fixed costs remain constant, variable cost change depending on the level of production. Adding fixed costs to variable costs results in the total costs for a business. The average total cost is the total cost divided by the total output.
In the long run, the most important source of increase in a nation's standard of living is high rate of economic growth.
<h3>What is economic growth?</h3>
This refers to continuous increase in the total amount of goods and services produced within a country.
The long run is a period in which all factors of productions are variable hence high rate of economic growth is essential towards a nation's standard of living.
Learn more about economic growth here: brainly.com/question/1690575
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