When a company produces 5,000 units, total costs equal $150,000 and total variable costs equal $75,000. At this level of output, what is that company average fixed cost?

There is essentially no risk of default for U.S. government securities

a. True b. False Indicate whether the statement is true or false

Microeconomics is the study of

a. how money affects the economy. b. how individual households and firms make decisions. c. how government affects the economy. d. how the economy as a whole works.