Marginal cost is equal to
a. TC/Q.
b. ?ATC/Q.
c. ?TC/?Q.
d. ?Q/?TC.
c
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Which of the following is the best example of variable cost?
a. depreciation on a building b. property taxes c. wages d. rent paid for one’s building
As a currency appreciates:
A) exports increase and imports decrease. B) exports decrease and imports increase. C) exports increase and imports increase. D) exports decrease and imports decrease.
Both the permanent-income and life-cycle hypotheses modify Keynesian consumption theory by distinguishing the effects of
A) temporary and permanent changes in disposable income. B) changes in the disposable income of upper income and lower income classes. C) changes in labor income and interest income. D) small and large changes in disposable income.
Suppose a country had $2.4 billion of net exports and bought $4.8 billion of goods and services from foreign countries. This country would have
What will be an ideal response?