TFC is total fixed cost, TVC is total variable cost. Calculate the total cost at each unit of production. You can copy the table and paste in the answer box. hint: You need to complete the boxes for total fixed cost units TFC TVC
Total Cost

0 $100 $0
1 50
2 80
3 110
4 150
5 200
6 270

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?

Acompetitive market in healthcare would a. overprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers b. underprovide healthcare because it would eliminate medicare and medicaid c. underprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers d. overprovide healthcare because it would be similar to the approach used in canada

Which of the following is a function performed by market prices? a. market prices communicate information to buyers and sellers. b. market prices coordinate the decisions of buyers and sellers. c. market prices motivate entrepreneurs to produce those products that are currently most desired relative to their costs of production. d. all of the above are functions performed by market prices.