Given the table below, what is the total fixed cost when 400 units of output are produced? 
A. $500
B. $2000
C. $5000
D. $3500
E. none of the above
Answer: A
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Jacinda quit her job as a blackjack dealer where she made $42,000 per year to start her own florist business. Her business expenses are $14,000 per year on rent, $21,000 per year on supplies, and $9,000 per year on part time hel
A) $104,000 B) $86,000 C) $62,000 D) $44,000
According to the graph shown, the monopolistically competitive firm will charge a price:
These are the cost and revenue curves associated with a monopolistically competitive firm.
A. P3 in the short run, and earn positive profits.
B. P2 in the long run, and earn zero profits.
C. P3 in the long run, and earn zero profits.
D. P2 in the short run, and earn positive profits.
Credit cards are considered to be money because they facilitate exchange
a. True b. False
The ratio of the percentage change in quantity demanded to the percentage change in income is known as the cross elasticity of demand
a. True b. False Indicate whether the statement is true or false