If AVC=$15 and AFC=$10, then ATC=
a. $25
b. $5
c. $15
d. $10
a
You might also like to view...
What is the "good news" and the "bad news" about a higher value of the U.S. dollar?
What will be an ideal response?
An individual's demand for education is most affected by
(a) direct and indirect costs of schooling. (b) development priorities of the country. (c) the desire to escape agricultural work. (d) all of the above.
An improvement in technology will tend to cause a society's production possibilities curve to shift outward
a. True b. False Indicate whether the statement is true or false
Which statement is true?
A. The monopolistic competitor always makes a profit in the short run. B. The monopolistic competitor operates at peak efficiency. C. Product differentiation takes place in the minds of the buyers. D. None of these statements are true.