Which of the following costs always declines as output increases?
A) Average cost
B) Marginal cost
C) Fixed cost
D) Average fixed cost
E) Average variable cost
D
Economics
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Which term below fits closest to money functioning as a unit of accounting?
A) medium of exchange B) adverse selection C) standard of value D) liquidity
Economics
If resources are underemployed, then the economy is producing as much as possible
Indicate whether the statement is true or false
Economics
Define investment? The meaning of investment is different for economists. Explain.
What will be an ideal response?
Economics
The most common type of firm in the United States is the
A) proprietorship. B) partnership. C) corporation. D) limited partnership.
Economics