Answer:
Fixed Cost and Variable cost
Explanation:
it is the Variable cost that consist of firm's expenditures made before production while fixed cost comes regardless of the level of production.
I’m happy to answer this question if you can give me more detail.
Answer:false
Explanation:The opportunity cost test only determines a range of options, any of which would benefit both parties
A 4 percent decrease in the price will lead to an increase in the quantity demanded by less than 4 percent.
<h3>What is demand?</h3>
Demand simply means the amount of goods and services that a buyer wants to buy at a particular price and time.
When the demand for product x is inelastic, a 4 percent decrease in the price of x will lead to an increase in the quantity demanded by less than 4 percent.
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