Refer to the short-run information provided in Figure 8.5 below to answer the question(s) that follow. 
Figure 8.5 Refer to Figure 8.5. If two drones are produced, total variable costs are
A. $25.
B. $30.
C. $50.
D. $80.
Answer: C
Economics
You might also like to view...
The value of the best thing that a person must give up when making a decision is known as the ________ cost
A) opportunity B) sunk C) benefit D) explicit E) direct
Economics
On the graph for a monopolist’s losses, the firm suffers a total loss of ______.
a. $7
b. $100
c. $600
d. $700
Economics
If consumers save 15 cents out of every dollar received, the:
A. Multiplier is 15. B. MPS is 0.85. C. MPS is 0.15. D. Multiplier is 0.15.
Economics
Consider the monopoly in the figure below with price regulated at $20 per unit. The regulated price will result in a: 
A. surplus of 18 units. B. shortage of 18 units. C. shortage of 3 units. D. surplus of 3 units.
Economics