Answer the next question based on the following data.OutputTotal Cost0$24133241348454561669The fixed cost of production is
A. $12.
B. $9.
C. $33.
D. $24.
Answer: D
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The process by which productivity raises the average standard of living is referred to as
A) long-run economic growth. B) labor productivity. C) population growth analysis. D) the economic prosperity hypothesis.
Describe the basic motives for businesses to merge
What will be an ideal response?
The basic difference between a public bureau and a market firm is that the bureau
a. has an incentive to maximize profits b. has no incentive to minimize costs c. managers do not attempt to maximize their self interest d. managers are more likely to be concerned with the public interest than their own self interest e. faces a budget constraint placed up it by the voters
The U.S. economy has grown steadily over the years
a. True b. False Indicate whether the statement is true or false