In the short run, if average variable cost equals 50, average ...

[waynest]

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

[Sophiapenny]

Answer to Question 1

b

Answer to Question 2

c

[waynest]

Thanks for the timely response, appreciate it

[apple]

Excellent