A firm would decide to shut down if its production resulted in
A) AFC > AVC. B) MR < AVC. C) ATC > AVC. D) MR < ATC.
B
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In the United States, _____
a. younger female workers tend to experience a higher rate of unemployment, but the rate of unemployment decreases as age increases b. male workers tend to experience a higher rate of unemployment, but the rate of unemployment decreases as experience increases c. female workers from a Hispanic background tend to experience a higher rate of unemployment than male workers from a Hispanic background d. younger female workers with a high school diploma tend to experience a higher rate of employment than female workers with a college education
If the price of an existing bond increases, the current yield increases.
Answer the following statement true (T) or false (F)
The income that households have left after paying their taxes and paying for their consumption is known as _____
Fill in the blank(s) with correct word
Suppose that as the price of apples rises, people switch from eating apples to eating oranges. This is known as:
A. the normal effect of a price change. B. a decrease in the demand for apples. C. the substitution effect of a price change. D. the income effect of a price change.