Average variable cost is equal to total variable cost divided by quantity of output
a. True
b. False
Indicate whether the statement is true or false
True
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Instead of studying for his calculus exam, Dicky Cribsheets decides to cheat. In the economic way of thinking, Dicky's decision is
A) inefficient and wrong. B) inefficient and desirable. C) efficient and desirable D) not necessarily any of the above.
Using the above table, the labor force is
A) 380,000. B) 911,000. C) 930,000. D) 569,000.
Retirement benefits are less like ________, and more like ________
A. private insurance; collective savings program. B. savings programs; private insurance. C. social insurance programs; social savings programs. D. None of these is true.
Suppose Jack's salary increased from $100,000 to $200,000 per year between 2004 and 2014 and the price index increased from 100 to 300 during the same period. Which of the following statements best describes Jack's situation?
What will be an ideal response?