Average total cost is minimized at a higher level of output than average variable cost.

The production-based method of national accounting sums up:

A) the total revenue earned by all the firms in the economy. B) the value that is added by each domestic firm in the production process. C) the income earned by each factor of production for participating in the production process. D) the expenditure incurred by domestic and foreign economic agents on domestic products. Infi Cor

If a graph has a line that shows the amount of outsourcing in the last ten years, it is known as

A) a pie chart. B) a demand curve for outsourcing. C) a time-series graph. D) a supply curve of outsourcing.