If you know that with 8 units of output, average fixed cost is $40 and average variable cost is $25, then total cost at this output level is:

a. $320
b. $200
c. $520
d. $1000

c

Economics

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The competition experiment conducted by economists Muriel Niederle and Lise Vesterlund was consistent with the results of Terry Odean which were that

a. men were better at math than women. b. men chose competition more because they were better at sports than women. c. men trade stocks excessively while women adopt a buy-and-hold strategy. d. streetcar companies were not in favor of segregation because it hurt their profits.

Economics

The poverty rate is based on a family's

a. income, in-kind transfers, and other government aid. b. income and in-kind transfers. c. in-kind transfers only. d. income only.

Economics