Efficiency is measured on the ___________ curve.
A. ATC
B. AVC
C. MC
D. demand
A. ATC
You might also like to view...
If a consumer prefers Apples to Bananas and prefers Bananas to Citrus Fruit, in order to satisfy assumptions about preferences, she has to prefer
A) Bananas to Apples. B) Citrus Fruit to Bananas. C) Apples to Citrus Fruit. D) Citrus Fruit to Apples.
Describe how the labor force, the nation's capital stock, and the rate of technical progress contribute to potential GDP growth and labor productivity
Suppose there is a flood in St. Louis, Missouri, that destroys several beer bottling facilities. Which of the following would not be a direct result of this event?
a. Sellers would not be able to produce and sell as much as before at each relevant price. b. The supply would decrease. c. Buyers would not be willing to buy as much as before at each relevant price. d. The equilibrium price would rise.
A production process is a specific combination of resources used to produce a good or service.
Answer the following statement true (T) or false (F)