If fixed cost is $200,000 and variable cost is $30 per unit over the relevant range of output, when 10,000 units are produced, the average total cost will be:

When the ________ effect dominates the ________ effect, the labor supply curve is ________

A) income; substitution; vertical B) substitution; income; positively sloped C) income; substitution; negatively sloped D) substitution; income; horizontal

If bad weather destroyed half of the current coffee crop, ceteris paribus, it would:

a. increase the demand for coffee. b. decrease the demand for coffee. c. increase the demand for tea d. decrease the demand for tea.