Refer to the above diagram. At output level Q average fixed cost:
A. is equal to QE.
B. is equal to EF.
C. is measured by both QF and ED.
D. cannot be determined from the information given.
Answer: C
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An item that is purchased to increase businesses' productive resources is
A) an export. B) a government good. C) a capital good. D) a consumption good. E) a productive good.
What is the relationship between the marginal product curve and the total product curve?
What will be an ideal response?
In what type of analysis will an increase in the tax rate always lead to an increase in tax revenues?
A) ad valorem taxation B) excise taxation C) dynamic tax analysis D) static tax analysis
Investment in health care does bear similarities to investment in human or physical capital
a. True b. False Indicate whether the statement is true or false