A firm's total cost (TC) equals the sum of its fixed cost plus its
A) marginal cost.
B) variable cost.
C) variable cost plus its marginal cost.
D) sunk cost plus its variable cost plus its marginal cost.
B
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When Jane Brown writes a $100 check to her nephew and he cashes the check, Ms. Brown's bank ________ assets of $100 and ________ liabilities of $100
A) gains; gains B) gains; loses C) loses; gains D) loses; loses
Almost 70 percent of U.S. garbage:
a. is incinerated. b. is recycled. c. goes to landfills. d. is sent on barges to other countries.
Which of the following increases the quantity supplied of agricultural goods?
A) acreage allotments B) assigning market quotas C) agricultural price supports D) a, b, and c
In Figure 9.5, a movement from Point A to Point B would result from
A. An increase in disposable income. B. An improvement in expectations for future sales. C. An increase in the interest rate. D. A decrease in wage costs.