Based on the figure above, curve D is the firm's
A) marginal cost curve.
B) total cost curve.
C) average total cost curve.
D) average variable cost curve.
E) average fixed cost curve.
A
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It is possible for an economy to keep its currency overvalued against the dollar if:
A) it sells the domestic currency in the foreign exchange market. B) it has substantial domestic currency reserves. C) it buys the dollar in the foreign exchange market. D) it has substantial dollar reserves.
The household and establishment surveys sometimes differ on the labor market conditions. This is probably because ________
A) the establishment survey counts a worker who holds two jobs twice and the household survey does not B) the establishment survey only counts employees of a company and the household survey also counts the self employed C) the establishment survey covers more workers than the household survey D) all of the above E) none of the above
Pollution is a form of market failure called a negative externality
a. True b. False
Calculate the MPC.
