Which of the following statements is true?
a. TC = TFC ? TVC.
b. AVC = TC / Q.
c. TFC = TC ? TVC.
d. MC equals the change in ATC divided by the change in Q.
c
You might also like to view...
When considering setting the transfer price at the market price of a product similar to the intermediate good that is already available on the market
a. It is appropriate to ignore that the market price includes a margin above marginal cost b. It is OK if the product on the market includes costly features your downstream division does not use c. Consider whether the product on the market is inexpensive because its quality is lower than you use d. if it is similar enough, it is justification for you producing it in-house
Labor productivity is calculated by dividing GDP by
A. population. B. the price level. C. capital stock D. labor force.
A key consideration in the government's decision in the Staples/Office Depot case was that:
A. Staples charged lower prices in locations that were close to an Office Depot store. B. Staples charged higher prices in locations that were close to an Office Depot store. C. Staples and Office Depot had engaged in explicit price fixing. D. Staples and Office Depot would be a natural monopoly if they were allowed to merge.
With a tax of $2,000 on $30,000 of income, and $2,000 on $70,000 of income, we can describe the structure of this tax as:
A. Progressive B. Proportional C. Regressive D. Marginal