Total costs increase from $1500 to $1800 when a firm increases output from 40 to 50 units. Which of the following are true?
a. FC = $100
b. MC=300
c. MC=30
d. FC = $400
c
Economics
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Which of the following is always a violation of the antitrust law?
A) price fixing among competitors B) resale price maintenance C) tying arrangements D) predatory pricing
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Which of the following would be considered a variable input in the long run? a. The size of a firm's plant
b. The acreage of an apple farmer's orchard. c. The production capacity of a machine. d. All of the above.
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The tools of the Federal Reserve include
A) reserve requirements. B) the discount rate. C) open market operations. D) all of these choices.
Economics