Use the following table to answer the next question.OutputTotal Cost0$10120228338453573698The total variable cost associated with the production of 5 units of output is

A. $14.60.
B. $73.00.
C. $10.00.
D. $63.00.

Answer: D

Economics

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Consider a two-good production economy in which both goods are produced with fixed proportions production functions. Then, some efficient allocations will exhibit unemployment of some factor providing

a. the firms use the inputs in different proportions. b. the firms exhibit diminishing returns to scale. c. the firms exhibit increasing returns to scale. d. production can never be efficient if there are unemployed inputs.

Economics

Suppose an initial increase in government expenditure increases output by $50,000 . If the size of the multiplier is 2.5, the size of the initial increase in government expenditure was: a. $25,000

b. $20,000. c. $12,5000. d. $1250. e. $30,000.

Economics