Use the following table to answer the next question.OutputTotal Cost0$10120228338453573698The total variable cost associated with the production of 5 units of output is
A. $14.60.
B. $73.00.
C. $10.00.
D. $63.00.
Answer: D
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Refer to the below graphs. (Assume that the pre-migration labor force in Country A is 0d and that it is 0u in country B.) The migration of labor from low-income country B to high-income country A will:
A. Increase domestic output in both countries
B. Decrease domestic output in both countries
C. Increase domestic output in country A and decrease domestic output in country B
D. Decrease domestic output in country A and increase domestic output in country B
Describe the provisions of the Sherman Act
What will be an ideal response?
In an increasing-cost industry, more supplies can be obtained by paying a higher price for them or by using ______.
a. more efficient resources b. lower-quality resources c. substitute resources d. higher-quality resources.
A nation's average annual real GDP growth rate is 2.5%. Based on the rule of 70 the approximate number of years that it would take for this nation's real GDP to double is:
A. 175 years B. 40 years C. 28 years D. 17.5 years