Question

pregunta 3 (2 puntos)
costs that a business would have, no matter how many units they produce are called ____.
○ a fixed costs
○ b marginal costs
○ c input costs
○ d variable costs

pregunta 4 (2 puntos)
when a person’s income goes up, they will buy more ____.
○ a inferior goods
○ b complementary goods
○ c normal goods
○ d substitute goods

Explanation:

Pregunta 3

Fixed costs are costs that a business incurs regardless of the level of production (number of units produced). Marginal costs are the cost of producing one more unit, input costs are costs of inputs used in production, and variable costs change with the level of production. So the correct option is a.

Normal goods are goods for which demand increases as income increases. Inferior goods have decreased demand with increased income, complementary goods' demand is related to another good's demand, and substitute goods can replace another good. So when income goes up, people buy more normal goods. The correct option is c.

Answer:

a. fixed costs

Pregunta 4