Which of the following observations is true?

A. TFC remains the same irrespective of units of output produced.
B. TVC remains the same irrespective of units of output produced.
C. TVC falls as the unit of output increases.
D. AFC increases as output increases further and further.


Answer: A

Economics

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A trade imbalance occurs when:

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Use the following graph to answer the next question.When output increases from Q1 and the price level decreases from P1, this change will ________.

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Sue owns a baking company. The company's total revenue for a month is $4000. The monthly costs of resources bought in the market and of resources owned by the firm are $2000 and monthly costs of resources supplied by the owner are $1000

Sue's economic profit for the month is equal to A) $4000. B) $3000. C) $2000. D) $1000.

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If protective import-restricting tariff are imposed by a country, in the majority of cases that nation's consumers end up

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Economics