Refer to Table 5.1. What is Andrea's opportunity cost of producing one bracelet?
A) 1/6 of a tiara
B) 2/3 of a tiara
C) 6 tiaras
D) 7.5 tiaras
A
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"Inflation reduces the velocity of money because people reduce their money holdings." Is the previous statement correct or incorrect? Explain your answer
What will be an ideal response?
Increases in investment spending cause interest rates to increase. As a result,
a. households will demand more loanable funds b. households will save a smaller fraction of their incomes c. households will voluntarily decrease their consumption spending d. the investment curve will shift leftward e. firm will receive greater profits from households who are consuming goods
For conducting a marginal analysis, individuals compare ____________
a. marginal utility and marginal productivity. b. marginal interest and marginal price. c. marginal wage and marginal yield. d. marginal benefit and marginal cost.
TFC=Total Fixed CostQ=Quantity of OutputMC=Marginal CostP=Product PriceTVC=Total Variable Cost Refer to the above information. Average fixed cost is:
A. TVC - MC.
B. 
.
C. 
.
D. 
.