Refer to the table shown. The average variable cost of producing 5 units of output is:Units of outputTotal cost05111216320423525626
A. $2.
B. $3.
C. $4.
D. $5.
Answer: C
Economics
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A decrease in population shifts the
A) labor demand curve rightward. B) labor demand curve leftward. C) labor supply curve rightward. D) labor supply curve leftward.
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If an increase of $5 billion in investment is associated with an increase of $25 billion in real Gross Domestic Product (GDP), the multiplier is
A) 1. B) 3. C) 5. D) 7.
Economics