You will be evaluating each of the questions as you will need to make sure to use relevant economic terms and content development in your work.
1. must include APA formatted in-text citation/reference, 20%
2. use of economic terms, 20%
3. correctness to each question and at least 2-3 paragraphs for each question, 60%
1. Identify a fixed cost
2. Identify a variable cost
3. Explain how a firm is able to deal with both types of costs.
4. Explain the difference between the short and long run.
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