The total cost (TC) of producing computer software diskettes (Q) is given as: TC = 200 + 5Q. What is the average fixed cost?

Because the process can increase average wages, collective bargaining increases the well-being of all workers.

a. true b. false

If resource suppliers and demanders find out that the actual price level exceeds the expected price level, they will take corrective actions that will: a. cause the economy to move away from the potential output level

b. raise the unemployment level above the natural rate of unemployment. c. shift the aggregate demand curve of an economy. d. shift the short-run aggregate supply curve of an economy. e. lower the actual price level.