Refer to the table above. What is the total cost of producing 145 units of the good?
A) $90
B) $180
C) $190
D) $210
D
You might also like to view...
The third round of quantitative easing, announced in September 2012, was focused on purchases of:
A) short-term Treasury bills B) long-term Treasury notes C) long-term Treasury notes and sales of short-term Treasury bills D) mortgage-backed securities
For firms that sell one product in a perfectly competitive market, average revenue is:
A. equal to marginal revenue. B. calculated by total revenue divided by total output. C. equal to the market price. D. All of these are true.
What is the effect of the following events on the demand for Xbox One games and the quantity of Xbox One games? demanded, other things remaining the? same?
A. The price of an Xbox one falls B. The expected future price of an Xbox one game falls C. The prices of PS4 and Wii Upper U fall D. Upper , a new game console comes onto the marker, which is a close substitute for Xbox one
The aggregate demand curve is
A. vertical if full employment exists. B. horizontal when there is considerable unemployment in the economy. C. downward sloping because of the interest rate, wealth or real balances, and foreign-purchases effects. D. downward sloping because production costs decrease as real domestic output increases.