The neoclassical theory of investment was pioneered by

In the simplest Keynesian model of the determination of income, interest rates are assumed

A) to be exogenous and to influence desired spending. B) to be endogenous and not to influence desired spending. C) to be endogenous and to influence desired spending. D) to be exogenous and not to influence spending.

If the total cost of production for 1000 widgets is $2000 and marginal cost is constant at $1, what is the average fixed cost for the 1000 widgets?

A) $2 B) $1.50 C) $1 D) $0.50