The figure above shows a monopoly firm's demand curve. The monopoly's total revenue is at its maximum when the firm produces at point

If fixed cost is $200,000 and variable cost is $30 per unit over the relevant range of output, when 10,000 units are produced, the average total cost will be:

a. $20. b. $30. c. $50. d. $70.

"In-kind" rather than cash transfer payments are represented by

A. public assistance payments. B. unemployment insurance benefits. C. Social Security benefits. D. food stamps.