In the above table, the average total cost of producing 14 units of output is
A) $5.71.
B) $6.75.
C) $7.00.
D) $7.86.
D
You might also like to view...
Natural gas is a natural monopoly. The figure above shows the market for natural gas in the city of Lucknow. When an average cost price rule regulation is imposed, the price per household per month is ________
A) $20 and 30,000 households are served B) $40 and 40,000 households are served C) $40 and 30,000 households are served D) $60 and 20,000 households are served
When interest rates fall, the IS schedule will experience
A) rightward movement along the curve. B) leftward movement along the curve. C) a shift to the left. D) a shift to the right.
Industries that lobby public officials for favorable treatment, softer regulation, and or antitrust exemption are engaged in rent-seeking.
Answer the following statement true (T) or false (F)
Data on per capita trash generation in the United States indicate that since 1990 it has:
A. Increased moderately B. Continually decreased C. Leveled off D. Sharply increased