When marginal cost is greater than average cost, average cost is
a. rising.
b. falling.
c. constant.
d. The direction of change in average cost cannot be determined from this information.
a
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The above figure shows the short-run production function for Albert's Pretzels. The marginal productivity of labor equals the average productivity of labor
A) for all levels of labor. B) at none of the levels of labor. C) only for the first worker. D) only for the fifth worker.
Compared with a partnership, a corporation can raise money more easily because owners of a corporation have less liability for the corporation's actions than owners of a partnership have for the partnership's actions
Indicate whether the statement is true or false
All of the following represent advantages or disadvantages of independent entry into a foreign market except which one?
A) The managers do not risk divided interests; the managers will make decisions based on the interest of the firm. B) Managers retain total control over operations. C) All profit (or losses) is (are) reserved for the firm. D) Managers immediately gain familiarity with the foreign markets, laws, and traditions.
If a bank receiving a new deposit of $300,000 would be able, as a result, to increase their lending by at most $225,000, then the reserve requirement equals:
a. 50%. b. ?25%. c. ?40%. d. 75%.