Average Fixed Cost is
A. the per unit cost of production.
B. the per unit fixed cost of production.
C. the per unit variable cost of production.
D. the addition to cost associated with one additional unit of output.
Answer: B
Economics
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Policy making that is carried out in response to a rule is
A) restrictive policy making. B) passive policy making. C) determined policy making. D) active policy making.
Economics
A tariff can best be described as
A. an excise tax on an imported good. B. an excise tax on an exported good. C. a government payment to domestic producers to enable them to sell competitively in world markets. D. a law that sets a limit on the amount of a good that can be imported.
Economics