If total cost of producing 20 units of output is $1,000 and average variable cost is $35, what is the firm's average fixed cost at that level of output?

If sales increase to 1,001 units, what would be the increase in net operating income

Jerry Lewis is thinking about purchasing some life insurance. He goes to a company that is owned by shareholders. What type of life insurance company has he gone to? A. A stock life insurance company B. A debt life insurance company C.

Focused strategies keyed either to low cost or differentiation are especially appropriate for situations where: a. The market is composed of distinctly different buyer groups who have different needs or use the product in different ways. b.

How much of gordon's social security is taxable? a. $0 b. $16,000 c. $13,600 d. $6,646?

Which market structure would a company with high start-up costs and ongoing expensive advertising and promotional campaigns most likely belong to? oligopoly perfect competition monopolistic competition monopoly?

Henry wants to buy a new table saw for his carpentry shop. He has saved $360, which is 2 third of the price of the saw. How much does the table saw cost?

Which of the following best describes how consumers let producers know what they want to buy and how much they're willing to pay? O A. The purchases consumers make indicate their desires to producers. O B.

Listing agreements Must be in writing. Are not legally binding. Are unilateral employment contracts. Create an agency relationship.

Josh is walking to ben hill griffin stadium on gameday when a coca-cola representative offers him and his friends free cans of their new and improved cherry coke. what element of the promotional mix is coca-cola using?

In the long run, a representative firm in a monopolistically competitive industry will end up multiple choice having an elasticity of demand that will be less than it was in the short run.