Which statement is true given the total cost function: Total cost = 10Q + 5Q2 + 100?
A. Total cost at Q = 4 is 120
B. Average total cost at Q = 10 is 70
C. Total cost at Q = 5 is 175
D. Average fixed cost is zero at Q = 100
B. Average total cost at Q = 10 is 70
Economics
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If the price of almonds changed as a result of a change in the supply of almonds, is the demand for almonds elastic or inelastic? Explain your an-swer
What will be an ideal response?
Economics
Each person who is 16 years or older is considered to be in one of the following categories:
A. employed, unemployed, or discouraged worker. B. employed, unemployed, or out of the labor force. C. part-time worker, full-time worker, or unemployed. D. part-time worker, full-time worker, or out of the labor force.
Economics