The above (incomplete) table provides information about the relationships between output and various cost measures. The total fixed cost (TFC) for the firm is
A) zero.
B) $45.
C) $10.
D) None of the above answers is correct.
C
You might also like to view...
Investment demand is downward sloping because
A) an increase in investment demand causes interest rates to fall. B) at lower interest rates, firms will undertake more investment. C) at lower interest rates, firms will undertake less investment. D) none of the above.
For a monopsonist, as the number of workers hired increases, the
a. wage rate falls due to the increase in supply b. MLC curve and the labor supply curve get further apart c. MLC curve and the labor supply curve get closer together d. total labor costs fall e. first workers continue to get paid less than the new workers
In which of these countries is labor union membership as a percentage of the labor force the highest?
A. The U.S. B. Japan C. Canada D. Sweden
If the tax cost of this proposed project is $600 per person, a majority vote will:
Answer the question on the basis of this table showing the marginal benefit a particular public project will provide to each of the three members of a community. No vote trading is allowed.
A. defeat this project and resources will be underallocated to it.
B. pass this project and resources will be allocated efficiently.
C. pass this project and resources will be overallocated to it.
D. pass this project and resources will be underallocated to it.