The table above gives production information for Bob's Baseball Cap Company. Bob's total cost when zero caps are produced is $200 and workers cost $10 per hour. The total fixed cost of producing 10 baseball hats per hour is
A) $400
B) $200
C) $22
D) More information is needed to answer the question.
B
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The velocity of money ________
A) represents the average number of times a dollar turns over through the year B) provides the link between the money supply and nominal income C) times the money supply should equal total income, according to the equation of exchange D) all of the above E) none of the above
Which of the following policies address the the problem posed by positive externalities?
A) a subsidy to the agent that generates the positive externality B) a tax on the agent that generates the positive externality C) limit the activity that generates the positive externality D) a subsidy to the agents that benefit from the positive externality
Total revenue falls as the price of a good decreases if the price elasticity of demand is
a. Elastic b. Inelastic c. Unitary elastic d. Perfectly inelastic
When equilibrium is present in the foreign exchange market, which of the following will tend to be in balance?
What will be an ideal response?