Marginal cost is equal to ________ when ________ is minimized.
A. average variable cost; average fixed cost
B. average total cost; average variable cost
C. average fixed cost; average fixed cost
D. average variable cost; average variable cost
Answer: D
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In which of the following years was there a recession?
A. 1942 B. 1950 C. 1965 D. 1973
The Capital Asset Pricing Model determines the weighted average cost of capital
Indicate whether the statement is true or false
Under the Bretton Woods system, a country with a balance of payments deficit
a. could get loans from the U.S. government. b. could devalue if deflationary policies failed to eliminate the deficit. c. was not allowed to devalue under any circumstance. d. was required to devalue its currency immediately.
The Laffer curve suggests that if tax rates get too _____, the government's tax revenues will _____.
A. high; fall B. high; rise C. low; fall D. low; rise