If ATC is $100, MC is $90 and AVC is $80, then
A. ATC is rising and AVC is rising.
B. ATC is falling and AVC is falling.
C. ATC is rising and AVC is falling.
D. ATC is falling and AVC is rising.
D. ATC is falling and AVC is rising.
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Suppose Honda purchases a car factory in the United States. This purchase is entered into which of the balance of payments accounts?
A) business purchases account B) current account C) capital and financial account D) trade account E) official settlements account
Refer to Table 4-6. The table above lists the marginal cost of polo shirts by Marko's, a firm that specializes in producing men's clothing. If the market price of Marko's polo shirts is $13, Marko's will produce
A) 1 shirt. B) 2 shirts. C) 3 shirts. D) 4 shirts.
The two nations that have gone furthest with "universal banking" are
A) the United States and the United Kingdom. B) the United Kingdom and Germany. C) Germany and Japan. D) the United States and Japan.
Refer to Figure 16.1. A decrease in the real price of capital goods is best represented by a movement from
A) point A to point B. B) point B to point A. C) point A to point C. D) point C to point A.