I don't understand. How is a hike a a long-established fixed cost?
On Fri, Apr 02, 2004 at 04:29:18PM -0500, Doug Henwood wrote:
> Michael Perelman wrote:
>
> >Doesn't that suggest that corps. cannot pass on tax hikes?
>
> Not if it's a long-established fixed cost that affects all pretty
> much equally. They're having difficulty passing along freshly rising
> costs.
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-- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu