In the above table, when output is 8 units, average total costs are
A. $38.
B. $4.75.
C. $3.50.
D. $28.
Answer: B
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Consider a firm that produces 500,00 . units per year. The firm's fixed costs are $100,000 . marginal costs are $250 and the price per unit is $400 . In the long-run, how low can price go before it is profitable to shut down?
a. $150 b. $250 c. $250.20 d. $400
Exemptions and deductions included in the tax laws
A. Make the tax structure more progressive. B. Reduce horizontal inequities. C. Are designed to encourage specific economic activities. D. Reduce vertical inequities.
When the Fed purchases securities from a bank, it __________ reserves and ____________ the money supply
A) decreases; decreases B) increases; increases C) decreases; increases D) increases; decreases E) has no impact on; has no impact on
Political instability is an obstacle to development in:
A. both market and socialist economies. B. neither market nor socialist economies. C. market economies. D. socialist economies.