The formula for ________ is TFC/q.
A. average fixed costs
B. total cost
C. average total cost
D. total variable costs
Answer: A
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A firm's average total cost is $80, its average variable cost is $75, and its output is 50 units. Its total fixed cost is
A) less than $100. B) between $100 and $200. C) between $200 and $300. D) more than $300.
What is fiscal policy, and who is responsible for fiscal policy?
What will be an ideal response?
The market clearing price of a good is
A. the price at which there is no surplus and no shortage. B. the price that consumers prefer. C. the price that producers prefer. D. the price at which there is at least some of the good available for everyone.
The idea that the demand for auto workers stems from the demand for automobiles is
A. the value of the marginal product of auto workers. B. derived demand. C. output demand. D. indirect demand.