Author Question: If the total cost of production for 1000 widgets is 2000 and marginal cost is constant at 1, what is ... (Read 96 times)

storky111

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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

Question 2

The marginal tax rate from the food stamp program is _____.
 
  a. zero
  b. 10 percent
  c. 20 percent
   d. 30 percent



lolol

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Answer to Question 1

C

Answer to Question 2

d



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