Average variable costs equal
A) total variable costs divided by marginal costs.
B) total variable costs divided by output.
C) the change in marginal costs from producing another unit of output.
D) output divided by the change in total costs.
Answer: B
Economics
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A) a discouraged worker. B) unemployed. C) out of the labor force. D) all of the above.
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Farmers can raise either goats or ostriches on their land. Which of the following would cause the supply of goats to decrease?
A) an increase in the demand for goats B) an increase in the price of ostrich feed C) a decrease in the price of goats D) an increase in the price of ostriches
Economics