Refer to the information provided in Table 8.2 below to answer the question(s) that follow.
Table 8.2 
Refer to Table 8.2. If Sherry produces four pairs of earrings, her average fixed costs are
A. $4.
B. $20.
C. $25.
D. $100.
Answer: C
You might also like to view...
Spending on items other than consumption represents about what percent of total output of goods and services?
A. 20 percent B. 30 percent C. 40 percent D. 60 percent
The demand for microwaves in a certain country is given by: D = 8,000 - 30P, where P is the price of a microwave. Supply by domestic microwave producers is: S = 4,000 + 10P. If this economy opens to trade while the world price of a microwave is $50, and the government imposes a tariff of $30 per microwave, then the domestic quantity demanded will be ________ microwaves.
A. 5,600 B. 4,000 C. 5,000 D. 4,500
Which of the following would cause the US dollar to increase in value compared to the Japanese yen?
(a) An increase in the money supply in the US (b) An increase in interest rates in the US (c) An increase in the US trade deficit with Japan (d) The US purchase of gold on the open market (e) The sale of $2 billion dollars worth of Japanese television sets to the US
Use the table below to answer the following question.UnitsMaximum Willingness to PayMarket PriceMinimum Acceptable Price1$14$8$2212843108648885681064814At what level of output is allocative efficiency achieved?
A. 2 B. 3 C. 4 D. 5