To decrease pollution in the environment,the government required all firms in an industry to install new capital equipment which reduces the amount of smoke released into the air. Which costs for the firm will increase as a result?

A ) External

B ) Fixed costs ✅

C ) Marginal costs

D ) Variable costs

Related Questions
  1. The situation with increasing unemployment and inflation is termed as:
  2. An essential attribute of inflation is:
  3. A steady increase in the general level of prices as a result of excessive increase in aggregate demand as compared to aggregate supply is termed as:
  4. The currencies of various South East Asian countries fall sharply against the US Dollar. What could help to stop this fall?
  5. Which function is performed by both commercial banks and central banks?
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