If average fixed costs equal $60 and average total costs equal $120 when output is 100, the total variable cost must be:
a. $40.
b. $60.
c. $6,000.
d. $8,000.
c
Economics
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In the 1970s, the main economic problem was
A. stagflation. B. huge budget surpluses. C. a slow growing money supply. D. an economy that was expanding too rapidly.
Economics
If you have $1,000 in wealth and the price level increases by 20 percent, then
A) the $1,000 will buy fewer goods and services. B) the $1,000 dollars will buy 20 percent more goods and services. C) the real value of the $1,000 increases. D) you will be able to buy fewer goods, but the real value of those goods will increase.
Economics
Explain the essential difference between fixed and flexible exchange rate systems
Economics
Spending longstanding & can be also a tax policy/decreasing; increasing
What will be an ideal response?
Economics