Total costs increase from $1500 to $1800 when a firm increases output from 40 to 50 units. Which of the following are true?
a. FC = $100
b. MC=300
c. MC=30
d. FC = $400
c
Economics
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If the labor and capital grow more quickly, then real GDP will
A) not grow fast enough. B) grow more quickly. C) grow more slowly. D) stay fixed at potential GDP.
Economics
Imports depend
a. negatively on income. b. positively on income. c. negatively on the exchange rate. d. positively on the price of foreign currency. e. Both b and c.
Economics