All of the following statements are correct, except that the firm has:
The following table shows the short-run total cost data for a firm.
A. Economies of scale
B. Fixed costs of $80
C. Constant marginal cost
D. An average fixed cost of $20 at 4 units of output
A. Economies of scale
Economics
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The rights of state and local government to regulate, license and control businesses were taken away after the American Revolution
Indicate whether the statement is true or false
Economics
To reduce personal income to disposable personal income,
a. indirect business taxes are deducted. b. corporate income taxes are deducted. c. personal taxes are deducted. d. All of these.
Economics