Asymmetric information exists when both sides of a market approach perfect information

Which round of GATT first addressed subsidies?

What will be an ideal response?

Vipsana's Gyros House sells gyros. The cost of ingredients (pita, meat, spices, etc.) to make a gyro is $2.00. Vipsana pays her employees $60 per day. She also incurs a fixed cost of $120 per day. Calculate Vipsana's average fixed cost per day when she

produces 50 gyros using two workers? A) $2.00 B) $2.40 C) $4.40 D) $6.80