Bilateral investment treaties are uncommon

According to economic theory, state governments

A) will be biased toward chronic budget deficits. B) will act in the public interest. C) will act in the national interest. D) will do all of the above. E) will do none of the above.

A monopolistic competitor earns a profit of $1,800 by selling 900 units of output at a price of $15 per unit. This implies its average cost of production is _____

a. $25 b. $15 c. $13 d. $2