Which of the following costs will not change as output changes?
A) total variable cost
B) total fixed cost
C) average variable cost
D) average fixed cost
E) marginal cost
B
You might also like to view...
Refer to the scenario above. What is the probability of getting heads?
A) 25% B) 50% C) 75% D) 100%
Using the DD-AA framework, which one of the following statements is the MOST accurate?
A) Only monetary policy can bring the economy to full employment. B) Only fiscal policy can bring the economy to full employment. C) Only both monetary and fiscal policies can bring the economy to full employment. D) Both policies are capable of bringing the economy to full employment and low inflation. E) Monetary policy by itself or fiscal policy by itself can bring the economy to full employment.
When the feedback effects from income to the money market are included,
a. a given change in the money supply will cause a smaller change in the quantity of money demanded. b. a given change in the money supply will cause a larger change in the interest rate c. given change in the money supply will cause no change in the interest rate d. a given change in the money supply will cause a smaller change in the interest rate e. a given change in the money supply will cause a larger change in the quantity of money demanded.
The consumption function will shift upward if real asset and money holdings:
A. increase, if people expect prices to increase, if interest rates decrease, and if taxes decrease. B. increase, if people expect prices to increase, if interest rates increase, and if taxes increase. C. increase, if people expect prices to increase, if interest rates increase, and if taxes decrease. D. decrease, if people expect prices to decrease, if interest rates decrease, and if taxes decrease.