As a firm produces more and more DVDs, the average cost of producing each DVD falls. A curve showing the behavior of the average cost of a DVD as more DVDs are produced
A) would be positively and then negatively sloped.
B) would be positively sloped.
C) would be horizontal.
D) would be negatively sloped.
D
You might also like to view...
The coefficient that represents the average number of times a dollar is used to buy goods and services is called
a. the demand for money. b. the quantity theory of money. c. the price level. d. the velocity of money.
The stand-alone selling price of a good or service may be highly uncertain because the seller
A. has not previously sold the good or service. B. sells the product or service in various combinations with other goods or services. C. provides the same good or service to different customers at substantially different prices
How many résumés should you have?
A. One. B. One tailored to each job you apply for. C. Between 5 and 10 which cover the majority of companies.
If the GDP gap is positive, then:
A. potential GDP is greater than actual GDP. B. actual GDP is greater than potential GDP. C. the inflation rate is falling. D. the unemployment rate is rising.