If fixed costs are $200,000 and variable costs are $30 per unit over the relevant range of output, when 10,000 units are produced, the average total cost will be
a. $20.
b. $30.
c. $50.
d. $70.
C
Economics
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In the calculation of GDP by the expenditure approach, exports from the United States must be
A) subtracted because they are included in the consumption of a foreign country. B) ignored because they are not bought by U.S. citizens. C) subtracted if they are bought by foreign firms for investment purposes. D) added.
Economics
Which of the following is a social insurance program?
a. Medicaid b. food stamps c. unemployment compensation d. Temporary Assistance for Needy Families e. general assistance
Economics