If at optimum output of 1,000 units, the firm is incurring average variable cost per unit of $3, average fixed cost per unit of $1.50, and selling its output at $7 per unit, total profit is

A. $7,000.
B. $2,500.
C. $1,500.
D. $250.


Answer: B

Economics

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The exchange rate is the price of

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By looking at the graph showing growth of government expenditures as a percentage of GDP in the United States from 1929 to 2017, we can see that federal expenditures are almost always ______ state and local expenditures.


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Economics