Air transport is characterized by low fixed and high variable cost.
举一反三
- In short run the shutdown point is that point at which A: price equals marginal cost. B: average fixed cost equals marginal cost. C: average variable cost equals marginal cost. D: average total cost equals marginal cost.
- A perfectly competitive firm maximizes its profit by producing the output at which its marginal cost equals its ____ A: marginal revenue B: average total cost C: average variable cost. D: average fixed cost.
- Air freight is used for goods where the higher cost of transport by air gives way to other considerations. For example, speed is the most important factor for the transportation of perishables, medicines and spare parts, while safety is the key to the transport of goods of high value. Air freight is capable of running at high speeds and ________.
- Air tends to flow from a _______ pressure area to a _______ pressure. A: high, lower B: low, higher C: high, high D: low, low
- When a factory is operating in the short run, A: it cannot alter variable costs. B: total cost and variable cost are usually the same. C: average fixed cost rises as output increases. D: it cannot adjust the quantity of fixed inputs.