Answer the next question based on the following data.OutputTotal Cost0$24133241348454561669What is the average variable cost of the 4th unit of production?
A. $13.50
B. $24.00
C. $6.00
D. $7.50
Answer: D
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A mutual fund that purchases a wide variety of stocks will
A) eliminate systematic risk. B) minimize nonsystematic risk. C) minimize market risk. D) minimize default risk.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point B to Point C so that an additional 20 OLED televisions could be produced, production of LCD televisions would have to be reduced by
A. more than 30. B. exactly 60. C. fewer than 30. D. exactly 30.
Contractionary fiscal policy to prevent real GDP from rising above potential real GDP would cause the inflation rate to be ________ and real GDP to be ________
A) lower; lower B) lower; higher C) higher; higher D) higher; lower
Cash may be preferred to food stamps because additional cash
A) rotates the budget constraint. B) shifts out the budget constraint at every point. C) provides a smaller opportunity set. D) allows the purchase of more food.