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What is authorized capital offered to the public called? What is a market structure with one buyer and many sellers? Calculate ATC given TC at 20kg from figure 1.
Economics
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Answer
C
Step-by-step solution
2 stepsPart 1
The part of a company's authorized capital that is offered to the public for subscription is known as issued capital.
The correct option is C.
Part 2
A market structure with only one buyer and many sellers is called a monopsony.
The correct option is B.
Part 3· 2 steps
Identify the Total Costs (TC) at an output of 20 kg from Figure 1.
From the graph, at an output of 20 kg, the Total Costs (TC) are 6000 FCFA.
Calculate the Average Total Cost (ATC).
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