Marginal cost:
A. is calculated as change in total cost divided by change in total output.
B. is calculated as change in total output divided by change in total cost.
C. increases then decreases, as output increases, to reflect marginal product.
D. None of these is true.
A. is calculated as change in total cost divided by change in total output.
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Business finance companies
A) purchase accounts receivable of small firms at a discount. B) sell commercial paper and buy long-term corporate bonds. C) take in deposits from savers and buy corporate commercial paper. D) are strictly regulated by state governments.
Suppose a Starbucks tall latte costs $4.00 in the United States and 2.50 euros in the Euro area. Also, suppose a McDonald's Big Mac costs $4.50 in the United States and 3.60 euros in the Euro area. If the nominal exchange rate is .80 euros per dollar, which goods have prices that are consistent with purchasing-power parity?
a. both the tall latte and the Big Mac b. the tall latte but not the Big Mac c. the Big Mac but not the tall latte d. neither the Big Mac nor the tall latte
When El Torito Restaurant is deciding how many waiters to hire for a holiday weekend, it is making a ________ decision.
A. short-run B. long-run C. fixed-input D. plant-size
The growth rate of real GDP in the United States rises from 4.2% to 4.4%. Explain and calculate how this increase in the growth rate of real GDP affects the number of years it will take for real GDP to double
What will be an ideal response?