Author Question: In the short run, if average variable cost equals 50, average total cost equals 75, and output ... (Read 281 times)

waynest · **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