A firm's average total cost is $100, its average variable cost is $90, and its total fixed cost is $1,000. Its output is
A) less than 70 units.
B) between 70 and 120 units.
C) between 120 and 170 units.
D) more than 170 units.
B
Economics
You might also like to view...
The expected future money supply does not have an effect on:
A. expected future inflation. B. the current price level. C. the current nominal money supply. D. the future price level.
Economics
If nominal GDP in 2011 is greater than nominal GDP in 2010, the economy's real output of goods and services must have risen
a. True b. False Indicate whether the statement is true or false
Economics