Firms have ________ over their ________ costs in the short run.A) control; fixedB) no control; fixedC) control; overheadD) no control; variable

Question

Firms have ________ over their ________ costs in the short run.A)  control; fixedB)  no control; fixedC)  control; overheadD)  no control; variable

Madii Robichaux · Accepted Answer

Final Answer : B, Explanation :  In the short run, firms have no control over their fixed costs, as these costs do not change with the level of output produced. Fixed costs, such as rent or salaries, must be paid regardless of the firm's level of production.

Firms have over their costs in the short run.

A) control; fixed
B) no control; fixed
C) control; overhead
D) no control; variable

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