In the long run
A) fixed costs tend to be greater than variable costs.
B) variable costs tend to be greater than fixed costs.
C) all costs are fixed costs.
D) all costs are variable costs.
D
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In the above figure, the total cost curve is curve
A) A. B) B. C) C. D) none of the curves in the figure.
How does an increase in government purchases financed by an increase in the deficit affect exchange rates? Support your answer with graphs of the loanable funds market and the foreign exchange market
What will be an ideal response?
Frank Knight's theory of profit focuses on ______ and Joseph Schumpeter's theory of profit focuses on _______.
A. risk bearing; innovation B. innovation; risk bearing C. risk bearing; risk bearing D. innovation; innovation
Wages for some workers do fall during a recession, but it is often:
A. too small of a wage decrease to contribute to economic recovery. B. only after the worker's current contract expires. C. only after the worker receives an annual performance evaluation. D. only after the worker is fired and gets rehired elsewhere at a lower wage.