In the figure above, when 40 units are produced the average fixed cost is
A) $4.
B) $8.
C) $12.
D) $20.
A
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Which of the following is true of a firm that can successfully practice price discrimination?
a. Its total revenue is often reduced. b. It appropriates a part of the consumer surplus. c. It has no way of distinguishing between types of customers. d. It has no market power in the industry. e. It must be a perfectly competitive firm.
John Maynard Keynes drew many economists ______________ the classical view. The classical view held that a market economy __________ regulate itself to avoid long periods of excessive unemployment
A) toward; can B) toward; cannot C) away from; can D) away from; cannot
Based on the information in the above table, the value of M1 is
A. $1,900. B. $2,200. C. $3,000. D. $3,100.
If the economy is on the flat portion of the AS curve
A. there is little crowding out of planned investment. B. government spending, but not consumption, crowds out planned investment. C. consumption, but not government spending, crowds out planned investment. D. there is almost complete crowding out of planned investment.