Answer the next question on the basis of the following data. OutputTotal Cost0$10120228338453573698The average variable cost of producing 3 units of output is
A. $9.33.
B. $12.67.
C. $10.00.
D. $38.00.
Answer: A
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The most important factor in determining a nation's standard of living in the long run is the productivity of its resources
a. True b. False Indicate whether the statement is true or false
Given an upward-sloping aggregate supply curve, which of the following is most likely to occur if the Fed sells bonds in the open market, ceteris paribus?
A. Greater inflation and more unemployment. B. Greater inflation and less unemployment. C. Lower average prices and less unemployment. D. Lower average prices and more unemployment.
Which of the following employers is the most prejudiced? Employer:
A. A, whose d is $0. B. B, whose d is $2. C. C, whose d is $4. D. D, whose d is $6.
Strategic situations are more likely to arise when the number of decision-makers is very large rather than very small.
Answer the following statement(s) true (T) or false (F)