Answer the next question based on the following data.OutputTotal Cost0$24133241348454561669The fixed cost of production is
A. $12.
B. $9.
C. $33.
D. $24.
Answer: D
Economics
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When a household takes extra (unbudgeted) money on a trip, economists would classify this money as held for a(n):
a. speculative demand. b. transactions demand. c. emergency motive. d. precautionary demand. e. inflationary motive.
Economics
An increase in aggregate supply will cause the price level to:
a. rise and GDP to rise b. rise and GDP to fall. c. rise and the unemployment rate to fall. d. fall and GDP to rise. e. fall and the unemployment rate to rise.
Economics