-Anna Owns a Dog Grooming Salon in Brunswick,Georgia

question 168

Multiple Choice

-Anna owns a dog grooming salon in Brunswick,Georgia.The above table has Anna's total product schedule.Anna pays each worker $300 per week and she pays rent of $600 a week for her salon.These are her only costs.When Anna has a staff of 6 workers,her average variable cost equals

• A) $2,400.
• B) $300.
• C) $7.50.
• D) $10.00.
• E) $1,800.

---

Definitions:

Fiscal Policy

Government policy regarding taxation and spending, aimed at influencing the economy.

Rational Expectations

The hypothesis that individuals form forecasts about the future based on all available information, including historical data and predictions about future policy actions.

Government Policy Makers

Individuals or groups within the government responsible for developing, implementing, and amending policies and regulations.

Aggregate Demand Curve

A graphical representation showing the relationship between the overall price level in the economy and the total demand for goods and services at that level.