Average cost is the cost of producing the next unit
a. True
b. False
Indicate whether the statement is true or false
False
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The table above shows the marginal private benefit, marginal social benefit, and marginal cost of education at the College of Epsilon. What is the efficient number of students at the college?
A) 1,000 B) 3,000 C) 4,000 D) 5,000
Average total cost
A. increases as output increases. B. increases if marginal cost is increasing. C. decreases as output increases. D. increases if marginal cost is greater than average total cost. E. both c and d
Which of the following is a reason why government debt is different from individual debt?
A. Government debt must be repaid at some point in time. B. Government can create money to finance its debt. C. Government debt can be owed to foreigners, unlike the debt of individuals. D. Government has fewer sources of income to finance its debt than individuals.
The idea of improving cash flow by exploiting the cyclical nature of different product lines is represented in:
A. cointegration. B. vertical integration. C. conglomerate integration. D. horizontal integration.