Total cost is calculated as
a. FC + MC
b. FC / MC
c. (VC + FC) / MC
d. VC + FC
e. VC ? output
D
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Fixed exchange rates are fixed by
a. international speculators who manipulate the world's currencies. b. international demand and supply. c. national governments. d. All of the above are correct.
As banks create money, they create wealth
a. True b. False Indicate whether the statement is true or false
In the medium run, an increase in the rate of growth of nominal money will cause
A) lower nominal and lower real interest rates. B) lower nominal interest rates and no change in the real interest rate. C) an increase in inflation and an increase in output growth. D) a proportionate increase in inflation.
By 2040, the dependency ratio for Japan is expected to be closest to which number?
A) 1 to 1 B) 1.5 to 1 C) 3 to 1 D) 5 to 1