As output increases, average fixed cost
A) always decreases.
B) increases, then decreases.
C) decreases, then increases.
D) remains constant.
A
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Bank holding companies are examined by the __________________
Fill in the blank(s) with the appropriate word(s).
Economics can best be defined as the study of how
a. society decides to use its scarce resources in an attempt to satisfy unlimited wants. b. the government should deal with the problems of unemployment and inflation. c. to make money in the stock market. d. the government should eliminate the problem of scarce resources.
If those who consumed common resources were subject to a tax that was equal to the external costs that they imposed due to the negative externality created, their demand curve would shift:
A. down and they would consume more. B. down and they would consume less. C. up and they would consume less. D. up and they would consume more.
The short-run break-even price
A) is the price at which the firm's current liabilities are paid off. B) is the price at which a firm's total revenues equal total costs. C) occurs at the output at which the firm yields a below normal rate of return. D) occurs at the output at which the firm yields a positive economic profit.