Accounting MCQs

A. Fixed costs are zero if the firms is producing nothing.
B. Fixed costs are the difference between total costs and total variable costs
C. There are no fixed costs in the long run
D. Fixed costs do not depend on the firm’s level of output

A. The demand curve downward by the size of the tax per unit.
B. Supply curve downward by the size of the tax per unit
C. Demand curve upward by the size of the tax per unit.
D. Supply curve upward by the size of the tax per unit