Filters
Question type
Study Flashcards

Lim Industries has average variable costs of $1 and average total costs of $4 when it produces 900 units of output. The firm's total fixed costs equal


A) $3.
B) $5.
C) $2,700.
D) $3,700.

E) None of the above
F) B) and D)

Correct Answer

verifed

verified

Showing 261 - 261 of 261

Related Exams

Exam 1

Ten Principles of Economics

220 Questions

Exam 2

Thinking Like an Economist

284 Questions

Exam 3

Interdependence and the Gains From Trade

192 Questions

Exam 4

The Market Forces of Supply and Demand

277 Questions

Exam 5

Elasticity and Its Application

222 Questions

Exam 6

Supply, Demand, and Government Policies

321 Questions

Exam 7

Consumers, Producers, and the Efficiency of Markets

218 Questions

Exam 8

Applications: The Costs of Taxation

203 Questions

Exam 9

Application: International Trade

214 Questions

Exam 10

Externalities

204 Questions

Exam 11

Public Goods and Common Resources

182 Questions

Exam 12

The Design of the Tax System

225 Questions

Exam 14

Firms in Competitive Markets

243 Questions

Exam 15

Monopoly

231 Questions

Exam 16

Monopolistic Competition

246 Questions

Exam 17

Oligopoly

204 Questions

Exam 18

The Markets for the Factors of Production

232 Questions

Exam 19

Earnings and Discrimination

230 Questions

Exam 20

Income Inequality and Poverty

194 Questions

Exam 21

The Theory of Consumer Choice

209 Questions

Exam 22

Frontiers in Microeconomics

185 Questions

Exam 23

Measuring a Nations Income

231 Questions

Exam 24

Measuring the Cost of Living

214 Questions

Exam 25

Production and Growth

187 Questions

Exam 26

Saving, Investment, and the Financial System

225 Questions

Exam 27

Tools of Finance

198 Questions

Exam 28

Unemployment and Its Natural Rate

361 Questions

Exam 29

The Monetary System

210 Questions

Exam 30

Money Growth and Inflation

201 Questions

Exam 31

Open-Economy Macroeconomics: Basic Concepts

194 Questions

Exam 32

A Macroeconomic Theory of the Open Economy

188 Questions

Exam 33

Aggregate Demand and Aggregate Supply

189 Questions

Exam 34

The Influence of Monetary and Fiscal Policy on Aggregate Demand

207 Questions

Exam 35

The Short-Run Tradeoff Between Inflation and Unemployment

223 Questions

Exam 36

Six Debates Over Macroeconomic Policy

154 Questions

Show Answer