Which of the following formulas defines average cost?
a. AC = TC/Q
b. AC = MRP = MFC
c. AC = MPP/Q
d. AC = TC ? Q
a
Economics
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Refer to Table 7-6. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many swords will Morocco gain compared to the "without trade" numbers?
A) 0 B) 15 C) 60 D) 75
Economics
Explain how a well-functioning financial system can increase total factor productivity and promote economic growth
What will be an ideal response?
Economics