All of the following variables are used to calculate total profit except

A. output.
B. price.
C. AVC.
D. ATC.

C. AVC.

Economics

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Refer to Figure 11-1. In a diagram that shows the marginal product of labor on the vertical axis and labor on the horizontal axis, the marginal product curve

A) never intersects the horizontal axis. B) intersects the horizontal axis at a point corresponding to the 5th worker. C) intersects the horizontal axis at a point corresponding to the 6th worker. D) intersects the horizontal axis at a point corresponding to the 8th worker.

Economics

Autonomous consumption spending is consumption spending:

a. that is dependent on changes in disposable income. b. on durable goods. c. that causes the MPC to rise. d. that is independent of the level of disposable income. e. that causes the MPC to fall.

Economics