Which of the following is true?
a. If average total cost is less than marginal cost, then average total cost is decreasing.
b. If average total cost exceeds marginal cost, then average total cost is decreasing.
c. If average total cost exceeds marginal cost, then average total cost is increasing.
d. If average total cost is less than marginal cost, then average total cost is constant.
b
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Who selects the board of directors of a corporation?
A) stockholders B) managers C) the state where the corporation is chartered D) employees
As "haircuts" increased during 2007-2009, financial institutions found that to borrow the same loan amount now required ________ collateral
A) less B) no C) more D) default-free
A survey of earnings contains an unusually high fraction of individuals who state their weekly earnings in 100s, such as 300, 400, 500, etc. This is an example of
A) errors-in-variables bias. B) sample selection bias. C) simultaneous causality bias. D) companies that typically bargain with workers in 100s of dollars.
A high-income household usually is headed by ________ , while a low-income household is usually headed by ________
a. a well-educated working couple; a single parent who is not working b. a highly-educated working female; two middle-aged well-educated adult workers c. a young poorly-educated working male; an old and highly educated male d. a poorly-educated working couple; a well-educated working couple