If average fixed costs equal $60 and average total costs equal $120 when output is 100, the total variable cost must be:
A. $40.
B. $60.
C. $6,000.
D. $8,000.
Answer: C
Economics
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A) positive, linear relationshi
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Refer to the scenario above. Jack will derive ________ units of utility if both of them try to move the tree
A) 5 B) -5 C) -2 D) 10
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A decrease in the rental rate of capital can lead to a long run increase or decrease in the number of firms in the industry.
Answer the following statement true (T) or false (F)
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