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Economics

01/10/2020 Client: accounting123 Deadline: 7 Days

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.


Scoring Rubric:


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%


Questions:


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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