According to the table below, what is the average variable cost of producing 50 units of output?QFCVC01,0000201,000350501,000700901,0001,0501251,0001,4001451,0001,7501601,0002,100

A. 21
B. 34
C. 20
D. 14

Answer: D

Economics

You might also like to view...

If wages do not instantaneously adjust to reflect expected inflation that is based on an anticipated increase in the money supply,

A) the aggregate demand and positively sloped aggregate supply curve shift to the right at the same time. B) the positively sloping aggregate supply curve shifts to the left after the aggregate demand curve shifts to the right. C) the positively sloping aggregate supply curve shifts to the left before the aggregate demand curve shifts to the right. D) the positively sloping aggregate supply curve does not shift to the right at the same time as the aggregate demand curve shifts to the left.

Economics

Congress relies on economists at the Congressional Budget Office to

a. enforce the nation's antitrust laws. b. set the nation's monetary policy. c. provide evidence that incumbent members of Congress are performing well in their jobs. d. provide independent evaluations of policy proposals.

Economics