# 5.For a firm that produces wooden tables, which of the following costs is a fixed cost in the short run?

###### Question:

5.For a firm that produces wooden tables, which of the following costs is a fixed cost in the short run?

(x)the rent that the firm pays for the space that is used to produce the wooden tables.

(y)the cost of the wood that is used in the production of the wooden tables.

(z)the monthly rent that the firm pays for equipment that is used to produce the wooden tables

A.(x), (y) and (z)B. (x) and (y) only C.(x) and (z) only D.(y) and (z) only E.(z) only

For a construction company that builds houses, which of the following costs would be a fixed cost?

(x)the $30,000 per year salary paid to the company's bookkeeper (y)property taxes on the land that is used as storage for all of the firm’s supplies (z)the$20 per hour wage paid to a construction supervisor

A.(x), (y) and (z)B. (x) and (y) only C.(x) and (z) onlyD.(y) and (z) onlyE.(x) only

For a firm that produces and sells boats, which of the following costs is a variable cost in the short run?

(x)the rent that the firm pays for office space to house the executive and sales staff.

(y)the cost of the wood, fiberglass and steel that is used in the production of the boats

(z)the payroll that is paid to the production laborers that work on the assembly line.

A.(x), (y) and (z)B. (x) and (y) only C.(x) and (z) onlyD.(y) and (z) onlyE.(x) only

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