In the above table, what is the average variable cost to produce 4 units of output?

For the CPI, the market basket of goods and services is modified

A) each time the Consumer Expenditures Survey is conducted. B) about every 10 to 20 years. C) each month when the Price Survey is completed. D) each year to reflect changes in consumer purchasing habits. E) at the discretion of the President.

Define the velocity of money. Explain the monetarist view with regard to the stability of velocity.

What will be an ideal response?