[NeedAttention]
Exhibit 30-5
?
A. A and C; Q2
B. B and D; Q1
C. C and A; Q1
D. B and C; Q1
E. b and c
Answer: E
Economics
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If it is easy to uncover buy and sell orders above and below current transactions prices, a market is said to
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If a firm produces 8 units of output with average fixed cost=$40 and average variable cost=$25, what is its average cost?
a. $100 b. $20 c. $65 d. $32
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