A firm's average variable cost is $60, its total fixed cost is $3,000, and its output is 600 units. Its average total cost is
A) less than $58.
B) between $58 and $62.
C) between $62 and $64.
D) more than $64.
D
Economics
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If nominal GDP is $954 billion and velocity is 9, then the money supply: a. is $106 billion
b. is $122 billion. c. is $98 billion. d. is greater than $8 trillion.
Economics
Which of the following would most likely serve as an example of a monopoly?
a. a bakery in a large city
b. a bank in a large city
c. a local cable television company
d. a small group of corn farmers
Economics