Total cost is
a. the sum of variable cost and fixed cost.
b. average variable cost times quantity.
c. the sum of average fixed cost and marginal cost.
d. the sum of fixed cost and average variable cost.
a. the sum of variable cost and fixed cost.
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The Fed accidentally discovered open market operations in the early
A) 1920s. B) 1910s. C) 1900s. D) 1890s.
An decrease in the real interest rate will cause an increase in ________
A) consumption B) planned investment C) net exports D) all of the above E) none of the above
If a strategic move is credible, it is likely to
A. change the actions of rivals. B. result in repeated, sequential interactions. C. be the dominant strategy of all the players in the game. D. result in self-enforcing outcomes.
Projections of the trajectory of inflation adjusted health spending made in 2016 had
A. it remaining relatively constant. B. it acting like a sine wave. C. it falling. D. it growing.