In the short run, suppose average total cost is a straight line and marginal cost is positive and constant. Then, we know that:
A) marginal cost is less than average total cost.
B) average total cost is positive and constant.
C) average total cost equals marginal cost.
D) A and B are correct.
E) B and C are correct.
E
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George makes $250 a week working as a student aid. When he cashes his check he takes $100 to the cashiers office to pay part of his tuition. $25 goes to paying off his books, $75 goes for entertainment and $50 he keeps for unexpected expenditures
Which of the following statements is TRUE? A) The transactions demand for money is $125, the precautionary demand is $75 and the asset demand is $50. B) The transactions demand for money is $0, the precautionary demand is $250 and the asset demand is $0. C) The transactions demand for money is $200, the precautionary demand is $50 and the asset demand is $0. D) The transactions demand for money is $250, the precautionary demand is $0 and the asset demand is $0.
How can we measure the cost of risk?
What will be an ideal response?
What are economies of scale? What is the main source of economies of scale?
What will be an ideal response?
Other things equal, the supply of labor will be higher to a job that
a. requires a supervisor to closely monitor employee performance b. provides few opportunities for training c. has a starting time of midnight d. requires advanced skills or education e. has more amenities