Refer to the table to the right which shows the shortminusrun cost data of a perfectly competitive firm that produces plastic camera cases. Assume that output can only be increased in batches of 100 units. What is the fixed cost of? production?

Smog is the most visible form of air pollution and around 15% of smog comes from manufacturing industries

Indicate whether the statement is true or false

The term frictional unemployment refers to persons who are out of work

A. due to technological change. B. due to strikes or lockouts. C. and have given up looking for work. D. because they are between jobs.

The horizontal axis in the AD-AS model shows:

A. the economy's nominal GDP growth rate. B. the economy's short-term interest rate. C. the economy's real GDP growth rate. D. the economy's inflation rate.

One of the elements of monopolization is

A. having a significant pricing power due to an accident in the relevant market. B. the possession of monopoly power in the relevant market. C. having a superior product or having a superior business acumen.. D. when only one firm exists in an industry.