Average fixed cost is equal to
A) the amount of total cost that does not change as output changes in the short run.
B) fixed cost divided by the quantity of output produced.
C) average total cost plus average variable cost.
D) fixed cost multiplied by the quantity of output produced.
B
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When the Fed wants US interest rates to decrease, it will usually increase the discount rate
a. true b. false
The city of Logan Square needs $40 million for a network of streetlights. There are 20,000 residents in the Logan Square neighborhood, meaning the cost for each resident is $2,000 . Psychiatrist Denise Miller refuses to donate $2,000 towards the project. This is an example of the problems encountered with:
a. consumer goods. b. capital goods. c. rival goods. d. public goods. e. private goods.