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If a business’s fixed costs are large relative to its variable costs, it is likely to
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Asked 10/21/2013 1:28:23 PM
Updated 5/2/2018 1:55:32 PM
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Flagged by emdjay23 [5/2/2018 1:55:32 PM]
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User: If a business’s fixed costs are large relative to its variable costs, it is likely to

Question
Asked 10/21/2013 1:28:23 PM
Updated 5/2/2018 1:55:32 PM
1 Answer/Comment
Flagged by emdjay23 [5/2/2018 1:55:32 PM]
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If a business's fixed costs are large relative to its variable costs, it is likely to operate longer hours than a firm whose fixed costs are small relative to variable costs.
Added 5/2/2018 1:55:31 PM
This answer has been confirmed as correct and helpful.
Confirmed by Masamune [5/3/2018 9:27:52 AM]
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definition of variable cost
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Updated 9/30/2017 2:05:40 PM
1 Answer/Comment
Variable costs are costs that change in proportion to the good or service that a business produces.
Added 9/30/2017 11:59:54 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [9/30/2017 2:05:41 PM]
Demand is based on consumer purchase, whereas supply is based on A. producers offering products for sale. B. offering a wide range of prices. C. the willingness to purchase. D. the ability to purchase.
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Not Answered
Updated 9/22/2017 7:35:37 AM
1 Answer/Comment
Demand is based on consumer purchase, whereas supply is based on producers offering products for sale.
Added 9/22/2017 7:35:37 AM
This answer has been confirmed as correct and helpful.
Confirmed by jeifunk [9/22/2017 9:46:28 AM]
Profit is maximized when marginal cost is equal to marginal revenue. True or False.
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Updated 1/11/2018 9:42:42 PM
1 Answer/Comment
Profit is maximized when marginal cost is equal to marginal revenue. TRUE.
Added 1/11/2018 9:42:42 PM
This answer has been confirmed as correct and helpful.
.When the quantity supplied is greater than the quantity demanded, what is the condition known as? A. Excess supply B. Excess availability C. Abundant supply D. Disequilibrium
Weegy: When the quantity supplied is greater than the quantity demanded, what is the condition known as - Excess supply. (More)
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Updated 1/17/2018 4:36:31 AM
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