In 2008, Timothy Geithner referred to investment banks, money market mutual funds, hedge funds, and other financial firms engaged in similar activities as the

The curve which summarizes the total quantity producers are willing and able to produce at differing prices is the:

A. average cost curve. B. market demand curve. C. consumer surplus curve. D. market supply curve.

The table above shows a total product schedule. Suppose that labor costs $20 per worker and fixed costs are $60. The average variable cost of producing 80 units equals ________ per unit

A) $0.75 B) $1.00 C) $1.75 D) $20 E) $0.25