Output Total Cost015125233340448558670Table 8.5Refer to Table 8.5. The total variable cost of producing five units of output is:
A. $8.60.
B. $43.
C. $48.
D. $58.
Answer: B
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Which of the following is likely to happen if the annualized growth rate of money supply increases while real GDP remains unchanged?
A) The unemployment rate will rise. B) The nominal GDP will fall. C) The inflation rate will fall. D) The inflation rate will rise.
Suppose the annual growth rate of real GDP for the nation of Svengali is 5% and the growth rate of velocity is 0%. If the money supply growth rate decreases from 6% to 2%, what was the initial rate of inflation in Svengali?
A) -1%. B) 1%. C) 1.25%. D) 9%.
Monopolistic competition is like monopoly with entry
Indicate whether the statement is true or false
Refer to the table below. What is the profit-maximizing price for Gorgeous Sands Resort to charge during the off-peak period?
The table above summarizes Gorgeous Sands Resort's marginal capacity cost, marginal operating cost, peak marginal revenue, off-peak marginal revenue, and its peak and off-peak demand for its resort units.
A) $2,500 B) $1,750 C) $2,000 D) $1,250