Question

In the short period the firm can control only the _____ cost and not the _____ cost and

therefore must recover at least _____ cost

(a) fixed ; variable ; fixed

(b) variable ; fixed ; variable

(c) average ; marginal; average

(d) accounting ; opportunity ; accounting

9. In short run the producer can control only _____ cost​

Answer 1

Answer:

(b) is the correct answer

Explanation:

I hope this helps you

Answer 2

Option b is the correct answer.

In the short period the firm can control only the variable cost and not the fixed cost and therefore must recover at least variable cost.

1. If the firm is recovering its total variable costs in the short run it should continue its operations and bear the loss of fixed assets.
2. If the firm decides to stop the business at this point then the loss will be greater because it will have to bear total fixed costs.