Suppose that the firm's only variable input is labor. When 50 workers are used, the average product of labor is 50 and the marginal product of labor is 75. The wage rate is $80 and the total cost of the fixed input is $500. What is average total cost?

Regarding U.S. antitrust activity, the rule of reason was expressed in the

a. Standard Oil case. b. Robinson-Patman Act. c. Clayton Act. d. ALCOA case.

Reaching a positive-positive outcome through a commitment strategy:

A. will only benefit the players and will not serve public interest. B. can benefit everyone. C. will always benefit everyone. D. will not benefit anyone.