Bureaucrats deciding what products should be sold in stores is a feature of a

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

A) $0.75 B) $1.00 C) $1.75 D) $60 E) $0.25

Refer to the diagrams, which pertain to a purely competitive firm producing output q and the industry in which it operates. The predicted long-run adjustments in this industry might be offset by:

A.  a decline in product demand.
B.  an increase in resource prices.
C.  a technological improvement in production methods.
D.  entry of new firms into the industry.