In the above table, the average fixed cost at 4 units of output is
A) $1.00.
B) $4.50.
C) $4.70.
D) $4.80.
A
Economics
You might also like to view...
When economic or political conditions are unstable,
a. the price of gold rises to $850 per ounce. b. the supply of gold decreases. c. the price of gold decreases. d. the demand for gold increases.
Economics
Refer to Figure 2-1. Point A is
A) technically efficient. B) unattainable with current resources. C) inefficient in that not all resources are being used. D) the equilibrium output combination.
Economics