Average variable cost is equal to

A) average total cost minus average fixed cost.
B) average total cost multiplied by output.
C) total cost divided by output.
D) the change in total cost divided by the change in output.


A

Economics

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Indicate whether the statement is true or false

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A gold standard pegs the currency to:

A) another nation that also adopts a gold standard. B) a basket of metals: gold, silver, platinum, and palladium. C) the price of gold in local currency. D) the U.S. dollar.

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Which one of the following statements is NOT an accurate description of? corporations?

A. The stock of a private corporation is not made available for purchase by the public. B. Corporations can change from private to public ownership but not from public to private ownership. C. Public corporations are said to be publicly held or publicly traded. D. Shareholders of a corporation are investors who can purchase shares of stock. E. The stock of a public corporation is sold to anyone who has the means to buy it.

Economics

In the above figure, if we begin at S1 and the Fed sells bonds

A. the price of bonds falls, and the interest rate rises. B. the price of bonds rises, and so does the interest rate. C. the price of bonds falls, and so does the interest rate. D. the price of bonds rises, and the interest rate falls.

Economics