One criticism of IMF conditionality is that it is not sufficiently contractionary

If total fixed cost increases, then the average total cost curve ________ and the marginal cost curve ________

A) does not shift; shifts upward B) shifts upward; shifts upward C) does not shift; does not shift D) shifts upward; does not shift

Donnie's Donuts incurs $450,000 per year in explicit costs and $200,000 in implicit costs. The bakery earns $800,000 in revenues and has $2 million in net worth. Based on this information, what is the economic profit for Donnie's Donuts?

A) $150,000 B) $350,000 C) $600,000 D) $1.2 million