Rose, who grows geraniums to sell, is currently producing a level of output at which her marginal cost equals her average variable cost. What must be true about Rose's average total cost at this level of output?
a. It is at a minimum
b. It is at a maximum.
c. It is falling with increased output.
d. It is equal to average variable cost.
c
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Since 1970, the distribution of income in the United States
A) generally has become more equal. B) generally has become less equal. C) has become more equal than the distribution of wealth. D) has shown no discernible trend.
The Federal Reserve is divided into 7 districts
Indicate whether the statement is true or false
The face value of a bond is
A. the dollar amount that a person would receive if he or she were to sell the bond. B. the dollar amount that a person would receive if he or she were to buy the bond. C. the total value of payments that will be made over the course of the bond's life. D. the dollar amount of the bond's final payment at maturity.
Which of the following is an approach used by economists to calculate the value of a human life?
a. comparing the salaries of people who live in cities with more traffic lights to those who live in cities with fewer traffic lights b. comparing the wages of more risky occupations to less risky occupations c. comparing the costs of vehicles with safety features such as side-impact airbags to those without such safety features d. All of the above are correct.