In the above table, total fixed costs are
A. $18.00.
B. $8.00.
C. $5.00.
D. $10.00.
Answer: D
You might also like to view...
As a result of OPEC ________ oil prices in 1973 and 1980, real GDP in United States ________
A) increasing; increased B) increasing; decreased C) decreasing; increased D) decreasing; decreased E) increasing; did not change
Regulatory agencies always protect consumers by forcing regulated firms to sell at the lowest possible price.
Answer the following statement true (T) or false (F)
How do rising prices slow resource depletion?
What will be an ideal response?
Which of the following statements about price controls is true?
A. A price ceiling causes a shortage if the ceiling price is above the equilibrium price B. A price floor causes a surplus if the price floor is below the equilibrium price C. A price ceiling causes an increase in demand if the ceiling price is set below the equilibrium price D. A price ceiling causes a decrease in demand if the price floor is set above the equilibrium price E. Price ceilings and price floors result in a misallocation of resources