If the marginal cost of producing a good is increasing as a firm produces more of the good, then which of the following must be TRUE?
A) AFC is rising.
B) AVC is rising.
C) MC > AVC.
D) MPL is falling.
D
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The models of perfect competition and monopoly are the most realistic.
Answer the following statement true (T) or false (F)
It is claimed that a secondary advantage of mutual funds is that
a. an investor can avoid investment charges and fees. b. they give ordinary people access to loanable funds for investing. c. they usually outperform stock market indexes. d. they give ordinary people access to the skills of professional money managers.
Following a new deposit of $500, the loans of a commercial bank increase by $400. In this situation, the reserve ratio is most likely
A. 9 percent. B. 20 percent. C. 10 percent. D. 80 percent.
In 2012, the general public (excluding Federal agencies) held about what percentage of U.S. Federal debt?
A. 33% B. 50% C. 60% D. 75%