Refer to the table above. What is the average fixed cost of producing 110 units of the good?

A loud band plays a concert late at night in a neighborhood park. The noise produced by the band that keeps the neighbors not attending the concert awake is

A) only a private cost. B) only an external cost. C) both a private cost and an external cost. D) neither a private cost nor an external cost. E) a private benefit because the neighbors get to hear the band.

In recent years, which of the following has comprised less than 5% of GDP?

A) imports B) exports C) net exports D) none of the above