A firm has an average total cost of 50. If it sells 20 units of ...

[laurencescou]

A firm has an average total cost of 50. If it sells 20 units of its product at 80 each, what is its profit?
 
  A) 30
  B) 600
  C) 1,000
  D) 1,600

Question 2

An opportunity cost of economic growth is
 
  A) essentially zero because economic growth leads to such large gains in the long run.
  B) the decrease in production of consumption goods in the present time period.
  C) decreased by the creation of capital goods rather than consumption goods.
  D) so high that places such as Hong Kong have had to do without it.

[gstein359]

Answer to Question 1

B

Answer to Question 2

B

[laurencescou]

Thank you

[gstein359]

Happy to help you