When the APS is negative
A. the APC is less than one.
B. the APC is equal to one.
C. the APC is greater than one.
D. the APC may be less than one, one or greater than one.
C. the APC is greater than one.
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For assessing whether or not and how much of an asset to hold, the important consideration is the asset's amount of
A) diversifiable risk. B) nondiversifiable risk. C) relative risk. D) absolute risk.
In the short run, if average variable cost equals $50, average total cost equals $75, and output equals 100, the total fixed cost must be:
a. $25. b. $2,500. c. $5,000. d. $7,500.
Consider a PPC with automobiles on the vertical axis and cotton on the horizontal axis. The discovery of a new fertilizer that improves crop yield will shift:
a. the vertical intercept up but will not shift the horizontal intercept. b. the horizontal intercept to the right but will not shift the vertical intercept. c. the horizontal intercept to the left and the vertical intercept upward. d. the vertical intercept downward and the horizontal intercept to the right. e. neither the horizontal intercept nor the vertical intercept.
The Producer Price Index (PPI) is based on prices paid for supplies and inputs by producers of goods and services. The PPI in general has increased over time representing that the cost of living has increased over time.
Select whether the statement is true or false. A. True B. False