In the short run, it is impossible for an expansion of output to cause an increase in:
a. ATC
b. AVC.
c. AFC.
d. MC.
c
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Loss aversion occurs when:
A. the consumer's valuation of an outcome is less sensitive, per dollar, to small losses than to small gains. B. the consumer's valuation of an outcome is more sensitive, per dollar, to small losses than to small gains. C. the consumer's valuation of an outcome is more sensitive, per dollar, to large losses than to small gains. D. the consumer's valuation of an outcome is less sensitive, per dollar, to small losses than to large gains.
The natural unemployment rate is
A) equal to 0 percent. B) the rate at which cyclical unemployment is equal to 0 percent. C) the same as the cyclical unemployment rate. D) the rate at which cyclical unemployment is equal to 6 percent. E) none of the above.
Mallory Trammell is a homemaker. Last week, she was busy with her normal household activities. How will she be classified by the Bureau of Labor Statistics?
What will be an ideal response?
When the real quantity of money supplied equals the real quantity of money demanded, there is said to be
A. goods market equilibrium. B. monetary neutrality. C. asset market equilibrium. D. money illusion.