Average fixed cost can be calculated using any of the formulas below except

A) TFC/Q. B) (TC/Q) - AVC. C) ?(TC - VC)/?Q. D) (TC - VC)/Q.

C

Economics

You might also like to view...

The aggregate supply curve

A) becomes vertical if there is excess production capacity within the economy. B) shows a negative relationship between the price level and real Gross Domestic Product (GDP). C) shows what each producer is willing and able to produce at each income level. D) relates planned aggregate production to price level.

Economics

Preferred Budgets ($ in millions)567891011Number of voters (in thousands)61016201595Table 15.2Table 15.2 shows the preferred budget for a new civic center and the number of voters in a community who prefer that budget. If Jay proposed $7 million while David proposed $10 million, Jay will get ________ thousand votes while David gets ________ thousand votes.

A. 32; 29 B. 46; 49 C. 52; 29 D. 51; 29

Economics