The three goals of all welfare programs can be met simultaneously in the U.S.
Answer the following statement true (T) or false (F)
False
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Straker Industries estimated its short-run costs using a U-shaped average variable cost function of the formAVC = a + bQ + cQ2and obtained the following results. Total fixed cost (TFC) at Straker Industries is $1,000. 
If Straker Industries produces 20 units of output, what is estimated average variable cost (AVC)?
A. $19.40 B. $67.40 C. $179.40 D. $171.40
A budget line shows the:
A. alternative combinations of two goods that a consumer can purchase with a given money income. B. alternative combinations of two goods that will yield the same level of total utility to a consumer. C. quantities of a particular good that a consumer will buy at various prices. D. ratio of money income to product price.
Some economists argue that the official poverty figures overstate poverty in this country. Why?
What will be an ideal response?
If a consumer receives 20 units of utility from consuming two candy bars, and 25 units of utility from consuming three candy bars, the marginal utility of the second candy bar is
A) 25 utils. B) 20 utils. C) 5 utils. D) unknown as more information is needed to determine the answer.