The marginal cost curve intersects:
A) the total cost curve at its minimum.
B) the average fixed cost curve at its maximum.
C) the average fixed cost curve at its minimum.
D) both the average variable cost curve and the average total cost curve at their minimum.
D
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Spending on consumer durables decreases as the interest rate increases
Indicate whether the statement is true or false
An important function of international institutions during times of crisis is to
A) make goods nonrival. B) make goods nonexcludable. C) prevent free riding. D) prevent nondiscrimination. E) encourage free riding.
In consumer lending, asymmetric information
A) happens only with securitization. B) cannot be dealt with using the same techniques as in business lending. C) can be partly offset using the same techniques as in business lending. D) may be virtually eliminated as a problem by just a collateral requirement.
U.S. residents bear the burden of unemployment equally
a. True b. False