In the short run, a firm's output level is 5 units. Its average cost is $40 and its fixed cost is $50. What is this firm's variable cost of producing 5 units?
A) VC = $50
B) VC = $100
C) VC = $150
D) VC = $175
C
Economics
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If the yen appreciates in value against the dollar, the dollar must have depreciated against the yen
Indicate whether the statement is true or false
Economics
A rightward shift of the investment demand curve might be caused by:
A. an increase in the price level. B. a decline in the real interest rate. C. businesses planning to increase their stock of inventories. D. an increase in business taxes.
Economics