The above table gives some of the costs of the Delicious Pie Company. What is the average variable cost of producing 300 pies?
A) $1,800
B) $6
C) $5
D) More information is needed to calculate the average variable cost.
C
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There is a negative relationship between the real rate of interest and investment spending
Indicate whether the statement is true or false
Measured in BTUs per dollar of real GDP, energy consumption fell by only 5 percent between 1970 and 1975, but had fallen by almost 30 percent by 1990 . These figures illustrate the fact that
a. energy demand does not respond to price changes in the short run. b. energy demand does not respond to price changes in the long run. c. energy demand is more elastic in the short run than in the long run. d. energy demand is more elastic in the long run than in the short run.
Vertical merger occurs when
A. the merger moves the combined firm onto the horizontal portion of its long-run average cost curve. B. two firms producing a similar product merge. C. two firms merge where each is about the same size. D. two firms merge where one had sold its output to the other as an input.
Refer to the information provided in Figure 28.7 below to answer the question(s) that follow.
Figure 28.7Refer to Figure 28.7. If the economy is on SRPC3, then the expected inflation rate is
A. 4%. B. 5%. C. 6%. D. none of the above.