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

Economics

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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

Economics

Describe the provisions of the Sherman Act

What will be an ideal response?

Economics

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.

Economics

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

Economics