How are total costs determined?
a. fixed costs x output
b. sunk costs + variable costs
c. fixed costs + variable costs
d. marginal costs / output
c. fixed costs + variable costs
Economics
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"Today the U.S. telecommunications industry remains heavily regulated by the government as it was some 30 years ago." Do you agree or disagree? Why?
What will be an ideal response?
Economics
Which statement is false?
A. Foreigners own a much greater percentage of the assets in the U.S. then they did in the early 1980s. B. Americans have assets of over $1 trillion in foreign countries. C. The dollar value of assets held by Americans in foreign countries has been declining since 1985. D. None of these statements are false.
Economics