Some of the cost curves for Ike's Ice Cream Kitchen are given in the above figure. At which of the following levels of output will AFC be the lowest?

Refer to the scenario above. What will the balance in Tom's account be after five years if he deposits $3,000 in the bank?

A) $3,222.64 B) $3,400 C) $4,014.68 D) $4,111.78

In the above table, diminishing marginal returns start to occur when the

A) 3rd worker is employed. B) 4th worker is employed. C) 5th worker is employed. D) 6th worker is employed.