What causes the natural rate of unemployment to exist?
What will be an ideal response?
Normal dynamic changes given the institutional arrangements of the economy.
Economics
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If a firm produces 8 units of output with average fixed cost=$40 and average variable cost=$25, what is its total variable cost?
a. $200 b. $320 c. $1,000 d. $650
Economics
The percentage change in the demand for film divided by the percentage change in the price of cameras indicates
a. the cross-price elasticity of demand between film and cameras b. the cross-price elasticity of demand for photographs c. the price elasticity of demand for film d. the price elasticity of demand for cameras e. nothing because the two goods fall into the broadly defined category of photographic equipment
Economics