If total cost at Q = 0 is $100 and total cost at Q = 10 is $500, then average variable cost at Q = 10 is

a. $500
b. $400
c. $50
d. $40
e. $10

D

Economics

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In August, the Canadian wheat harvest is in and exports to wheat-consuming nations begin in earnest. We would expect to see the Canadian rate of exchange

a. increase because there is an increase in the demand for Canadian wheat, which means an increase in the demand for Canadian dollars b. decrease because there is an increase in the demand for Canadian wheat, which means an increase in the demand for Canadian dollars c. increase because there is an increase in the demand for Canadian wheat, which means an increase in the supply of Canadian dollars d. increase because there is a decrease in the demand for Canadian wheat, which means an increase in the supply of Canadian dollars e. remains fixed because the exports create a counterbalance of imports

Economics

Give at least three reasons why U.S. workers supply so much more labor than workers in France and other rich leader countries.

What will be an ideal response?

Economics