The table above shows a total product schedule. Suppose that labor costs $20 per worker and fixed costs are $60. The average total cost of producing 80 units equals ________ per unit

Owner-provided capital and owner-provided labor are examples of

A) explicit costs. B) implicit costs. C) normal rate of return. D) accounting costs.

A bank's most important service is

a. making money b. providing checking account services c. organizing money flowing into accounts d. providing investment advice e. increasing the amount of cash the public holds