A firm produces 200 pop-up speakers at an average total cost of $27 and an average variable cost of $24. What is the firm's level of total fixed cost?

a. $3
b. $200
c. $600
d. $4,800

Ans: c. $600

Economics

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Indicate whether the statement is true or false

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Using the expectations hypothesis on the term structure of interest rates, explain the relationship between the interest rate on a one-year Treasury bond and the interest rate on a two-year Treasury bond

What will be an ideal response?

Economics