If a company is producing 2 units of output and the fixed costs are €25 and the variable costs are €100, what is the average total cost of producing two units?
(a) €50.
(b) €12.50.
(c) €62.50.
(d) €25.
Answer: (c) €62.50.
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The roots of the European Union are in agreements within the coal and steel industries
Indicate whether the statement is true or false
A decrease in money supply causes the real interest rate to ________ and output to ________ in the short run, before prices adjust to restore equilibrium
A) rise; rise B) rise; fall C) fall; rise D) fall; fall
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A) 0.75 B) 1.00 C) 1.33 D) 1.75