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In the Short Run,costs That Arise from Resources That Cannot

Question 47

Multiple Choice

In the short run,costs that arise from resources that cannot vary in quantity are known as ____________,whereas costs from inputs that can vary in quantity are known as ____________.


A) fixed costs;variable costs
B) explicit costs;implicit costs
C) opportunity costs;variable costs
D) fixed costs;opportunity costs
E) variable costs;fixed costs

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