A decrease in liabilities will reduce a firm's accounting profit

Indicate whether the statement is true or false

FALSE

Economics

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The table above gives the cost of producing T-shirts. When 5 T-shirts are produced, the average fixed cost is ________ and the average variable cost is ________

A) $4; $10 B) $10; $6 C) $5; $3 D) $4; $6

Economics

What is the horizontal intercept of the budget line, given that M = $1,000, PX = $50, and PY = $40?

A. 20.0 B. 2000.0 C. 11.11 D. 25.0

Economics