If the slope of a curve is 1/5, we know that
A) the relationship is linear, and the line moves from lower left to upper right.
B) the relationship is non-linear, and the line moves from lower left to upper right.
C) the relationship is linear, and the line moves from upper left to lower right.
D) the relationship is non-linear, and the line moves from upper left to lower right.
A
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If a firm is operating at a loss in the short run and finds that its price is greater than average variable cost, then in the short run:
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