What is the total variable cost when output is 100 units in Figure 21.2?
A. $296.
B. $20,000.
C. $9,600.
D. $200.
Answer: B
You might also like to view...
Because a monopoly will produce less of a good than a competitive market will, welfare is always greater under monopoly than under competition in the presence of a negative externality
Indicate whether the statement is true or false
What is the value of the spending multiplier when MPC = 0.85 and MPI = 0.3?
a. 1.82 b. 0.85 c. 2.22 d. 1.18 e. 2.50
If M = 6,000 . P = 3, and Y = 3,000 . what is velocity?
a. 6 b. 1.5 c. 0.67 d. 0.167
A significant advantage to being a member of a trade bloc is
A) higher tariff collections from member countries. B) reduced or eliminated tariffs among member countries. C) reduced tariff rates only for the largest member countries. D) None of the above; there is no economic advantage to a trade bloc.