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Author Question: In the short run, if average variable cost equals 50, average total cost equals 75, and output ... (Read 274 times)

waynest

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on: Jun 30, 2018
In the short run, if average variable cost equals 50, average total cost equals 75, and output equals 100, the total fixed cost must be:
 a. 25.
  b. 2,500.
  c. 5,000.
  d. 7,500.

Question 2

Which of these is assumed to be constant along an aggregate supply curve?
 a. The price level in an economy
 b. The exchange rate between the domestic and a foreign currency
  c. The state of technology used in production
 d. The unemployment rate
 e. The real GDP


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Sophiapenny

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

c


waynest

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

covalentbond

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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