When the average total cost is $16 and the total cost is $800, then the number of units the firm is producing is
A) impossible to determine with the information given.
B) 12,800.
C) 784.
D) 50.
Answer: D
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Mac trucks and their dealers would likely have an organizational form of
a. fixed profit sharing franchise contracts b. spot market recontracting c. alliances d. vertical integration
If a tax rate falls as a person's income rises, the tax is a:
a. proportional tax. b. progressive tax. c. regressive tax. d. poll tax. e. constant tax.
The goods and services that count toward GDP are defined in terms of:
A. the location of production, not the citizenship of the producer. B. the citizenship of the producer, not the location of production. C. total production of companies owned by citizens, regardless of the actual location of production. D. citizens producing within a country's borders.
Linda earned an income of $3,000 per month, which has now increased to $3,500 per month. She saves 10 percent and spends the remainder on food, lodging and other expenses. So far, she has managed to save $20,000. What is the change in her saving per month after the increase in income?
What will be an ideal response?