A company currently sells 10,000 units at $9/unit and makes $20,000 accounting profit. Variable costs currently stand at $6 per unit. What are the company's fixed costs?

Unemployment compensation, by ________ layoffs at firms whose sales have declined, ________ the natural rate of unemployment

A) encouraging, raises B) encouraging, lowers C) discouraging, raises D) discouraging, lowers

Firms in a perfectly competitive industry are producing goods efficiently in the long run if each is producing at the minimum point of the

A) AVC curve. B) MC curve. C) LAC curve. D) AFC curve.