Matthews Guerrero
08/23/2024 · Elementary School
QUESTION 29 Costs that a firm remaining in business will still incur in the short run even if it halts current production are called a. fixed costs. b. implicit costs. c. explicit costs. d. variable costs.
Upstudy ThothAI Solution
Tutor-Verified Answer
Quick Answer
Fixed costs are the costs a firm must pay even if it stops producing.
Step-by-step Solution
Answered by UpStudy AI and reviewed by a Professional Tutor
UpStudy ThothAI
Self-Developed and Ever-Improving
Thoth AI product is constantly being upgraded and optimized.
Covers All Major Subjects
Capable of handling homework in math, chemistry, biology, physics, and more.
Instant and Accurate
Provides immediate and precise solutions and guidance.
Try Now
Ask Tutors
Ask AI
10x
Fastest way to Get Answers & Solutions
By text
Enter your question here…
By image
Re-Upload
Submit