Khalil closes his ice cream stand for two days to attend a wedding. As a result, he can reasonably expect his firm’s short-run ______.
a. fixed costs to increase
b. marginal costs to decrease
c. total cost to increase
d. variable costs to decrease
d. variable costs to decrease
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Based on the above table, which of the following is the efficient quantity of output?
A) 31 B) 16 C) 32 D) None of the above answers is correct.
Currently, about ____ of U.S. households own stock, either directly or through an equity mutual fund
a. 10 percent b. 20 percent c. 50 percent d. 80 percent
The 1996 Farm Act did all of the following except
A. Eliminate many restrictions on acreage set-asides. B. Increase government regulation of farming. C. Refocus farm policy toward stabilizing farm incomes rather than prices. D. Eliminate target prices and deficiency payments.
Refer to the data. This commercial bank has excess reserves of:
Use the following balance sheet for the ABC National Bank in answering the question. Assume the required reserve ratio is 20 percent.
A. $0.
B. $3,000.
C. $12,000.
D. $5,000.