Money allows people to specialize in what they do best, thereby raising everyone's standard of living

The above table gives some cost data for Peter's Pickles. Peter's fixed cost is $20. Average variable cost (AVC) is lowest when output is equal to

A) 1 barrel of pickles. B) 2 barrels of pickles. C) 3 barrels of pickles. D) 4 barrels of pickles.

On a graph, the origin represents

a. the dependent variable b. the variable that is the primary source of causation c. a caption or explanatory description of the symbols, colors, and measurements used on the graph d. the point at which the values of both variables are zero e. ancestry