Refer to the table below and information. The average variable cost of the firm when 5 units of output are produced is:
The fixed cost of the firm is $500. The firm's total variable cost is indicated in the table.
A. $100
B. $200
C. $300
D. $400
D. $400
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A "registration statement" is drawn up in the process of
A) preparing a private placement. B) requesting the waiving of a restrictive covenant. C) underwriting publicly-sold securities. D) listing the collateral on a loan.
Lower interest rates are likely to
A. decrease both consumer spending and consumer saving. B. have no effect on consumer spending or saving. C. increase consumer spending and decrease consumer saving. D. decrease consumer spending and increase consumer saving.
How do we calculate average fixed cost and why does average fixed cost fall as output increases?
What will be an ideal response?
The federal personal income tax is designed as a
a. progressive tax b. regressive tax c. proportional tax d. poll tax e. payroll tax