The above table gives some cost data for Peter's Pickles. Peter's fixed cost is $20. The average total cost (ATC) when 5 barrels of pickles are produced is

A) $22.
B) $26.
C) $35.
D) There is not enough information to answer the question.


B

Economics

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Other things constant, an increase in resource prices will

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If the wage rate increases:

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Economics

If individual firms face a horizontal demand curve at a given market price:

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Economics