Which of the following statements is correct?
a. If marginal cost is rising, then average total cost is rising.
b. If marginal cost is rising, then average variable cost is rising.
c. If average variable cost is rising, then marginal cost is minimized.
d. If average total cost is rising, then marginal cost is greater than average total cost.
d
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A corporation is likely to "call" a bond if
A) it goes bankrupt. B) it has short-term liquidity problems. C) interest rates fall sharply. D) interest rates rise sharply.
A monopolist can sell 7 units per day at $7 per unit, or 8 units per day at $6 per unit. Its marginal revenue for the eighth unit of output is: a. $48. b. $6
c. $1. d. -$1.
Explain how the Fed's structure provides a high degree of independence from the U.S. government. What are some of the benefits of this independence?
A rightward shift in a demand curve and a leftward shift in a supply curve both result in a
A. Lower equilibrium quantity. B. Higher equilibrium quantity. C. Lower equilibrium price. D. Higher equilibrium price.