Which of the following is correct?
A. AC = AFC/Q
B. AC = AFC + AVC
C. AC = MFC + MVC
D. TFC + TMC = MFC + MVC
Answer: B
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Who, among the following, is least likely to price discriminate?
A) The local tavern B) The local diner C) The local potato farmer D) The telephone company
An auction in which the price announced by the auctioneer DESCENDS is called a(n)
A) Dutch Auction. B) English Auction. C) Sealed Bid Auction. D) Descending Option Auction.
Which has a greater impact on expanding aggregate demand?
The aggregate supply curve shows the relationship between the:
a. The Consumer Price Index and the level of output. b. Real risk-free interest rate and expected inflation. c. The nation's average price level (i.e., the implicit price index) and the level of output. d. Nominal exchange rate and level of output. e. None of these answers is correct.