The formula for total fixed cost is
A) TFC = TVC - TC. B) TFC = TC - TVC. C) TFC = TC/TVC. D) TFC = TC + TVC.
B
Economics
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Refer to the table above. What is the marginal revenue of the monopolist when it sells 300 units of its product?
A) $1 B) $2 C) $3 D) $4
Economics
Refer to the figure above. What is the consumer surplus in the market?
A) $60 B) $90 C) $120 D) $160
Economics
Suppose Bob works for Mary as a proofreader. Mary and Bob fall deeply in love, marry, and have eight children. Bob stops working for Mary in order to care for the children. What will be the effect on GDP?
A) GDP will increase. B) GDP will decrease. C) GDP will not change. D) GDP may increase or may decrease depending on inflation.
Economics
Fiscal Policy
What will be an ideal response?
Economics