When the United States imposes a tariff on a good, the amount of the ________ in U.S. consumer surplus is ________ the amount of the ________ in U.S. producer surplus

At a point on a production possibilities curve, opportunity cost of more capital goods today is

A) fewer capital goods in the future. B) fewer consumer goods in the future. C) fewer consumer goods today. D) more unemployed resources in the future.

The average total cost of a firm is calculated by: a. dividing total cost of the firm by the quantity of output produced

b. multiplying the total cost of the firm by the quantity of output produced. c. dividing the total cost of the firm by the price of its output. d. multiplying the total cost of the firm by the price of its output.