Based on the following table, what is total variable cost when 100 units of output are produced? 
A. $105
B. $5
C. $10.50
D. $1050
E. none of the above
Answer: E
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On the graph above, if inflation is rising, while the quantity demanded and output are rising, the economy may be at a point on ________
A) the aggregate supply curve above the aggregate demand curve B) the aggregate supply curve below the aggregate demand curve C) the aggregate demand curve above the aggregate supply curve D) the aggregate demand curve below the aggregate supply curve E) none of the above
According to the graph shown, if this economy were to open to trade, domestic producers would have to cut:
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
A. production by 55 units.
B. production by 90 units.
C. prices by $3.
D. prices by $7.
Jewelry workers and maintenance workers both get paid $4 an hour. Their supply curves are identical. The demand curve for jewelry workers is more elastic than the demand curve for maintenance workers. An increase in the minimum wage to $5.25 an hour will create
a. greater unemployment among jewelry workers than maintenance workers b. greater unemployment among maintenance workers than jewelry workers c. a shortage of jobs among maintenance workers d. a shortage of jobs among jewelry workers e. a wage differential between the two sets of workers
If a player has a dominant strategy, that player will always win the game.
Answer the following statement true (T) or false (F)