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Author Question: A firm has an average total cost of 50. If it sells 20 units of its product at 80 each, what is its ... (Read 85 times)

laurencescou

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on: Jun 29, 2018
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.


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gstein359

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


laurencescou

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Reply #2 on: Jun 29, 2018
Thank you :)


gstein359

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Reply #3 on: Jun 29, 2018
Happy to help you


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