Which of the following is correct?
A. AVC = TVC - AFC
B. AFC = TC/Q - TVC/Q
C. MC = TC - TVC
D. TC = AVC?Q
Answer: B
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If a nation has the lowest opportunity cost of producing a good, that nation has a(n) ________ in the production of that good.
A. comparative advantage B. absolute advantage and possibly a comparative advantage. C. absolute advantage D. comparative advantage and an absolute advantage
An oligopolist cares very much about what other firms in her industry are doing
a. True b. False Indicate whether the statement is true or false
Choose the statement that is incorrect.
What will be an ideal response?
The CAMELS criteria to evaluate the health of banks by supervisors is not made public. Make a case for one making this information public and a case for keeping it private.
What will be an ideal response?