The amount by which the federal government's annual revenues exceed its annual expenditures is the

The table above gives production information for Bob's Baseball Cap Company. Bob's total cost when zero caps are produced is $200 and workers cost $10 per hour. The average variable cost of producing 10 baseball hats per hour is

A) $1. B) $2. C) $20. D) More information is needed to answer the question.

In general, as units of resource inputs rise, their marginal revenue product

A. rises. B. stays the same. C. declines.