When costs that vary with the level of output are divided by the output, you have calculated:
A. total changing cost.
B. total fixed cost.
C. average fixed cost.
D. average variable cost.
Answer: D
Economics
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Suppose that a hurricane destroys part of the tobacco crop in North Carolina
What willhappen to the price of tobacco? What will happen to the marginal product of tobacco field workers as a result of the hurricane? Can we tell what will happen to the demand for tobacco field workers? Explain.
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Most of the unemployment that occurred during the Great Depression was
A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) core unemployment.
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