Answer the next question on the basis of the following data. OutputTotal Cost0$10120228338453573698The average variable cost of producing 3 units of output is

A. $9.33.
B. $12.67.
C. $10.00.
D. $38.00.

Answer: A

Economics

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Would a new growth theorist expect economic growth to be very rapid in one of the Communist nations before the fall of Communism? Why or why not?

What will be an ideal response?

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One lesson that American policy makers can learn from the health care systems of other counties is

a. people must be willing to accept long waiting lists for expensive services. b. a government-run system ensures equal access across socio-economic groups. c. the importance of having a safety valve. d. the mix between general practitioners and specialists is of little importance. e. private insurance cannot complement government insurance.

Economics