When the marginal cost is higher than the average total cost,
A. the average fixed cost must exceed the average variable cost.
B. the average variable cost must also be higher than the average total cost.
C. the higher additional value causes the average to rise.
D. the higher additional value causes the average to fall.
Answer: C
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Jacinda quit her job as a blackjack dealer where she made $42,000 per year to start her own florist business. Her business expenses are $14,000 per year on rent, $21,000 per year on supplies, and $9,000 per year on part time hel
A) $104,000 B) $86,000 C) $62,000 D) $44,000
________ is the payment received for temporarily giving up the use of money
A) Loan B) Principal C) Interest D) Collateral
If domestic residents of France purchase 1.2 trillion euros of foreign assets and foreigners purchase 1.5 trillion euros of French assets, then France's net capital outflow is
a. -.3 trillion euros, so it must have a trade deficit. b. -.3 trillion euros, so it must have a trade surplus. c. .3 trillion euros, so it must have a trade deficit. d. .3 trillion euros, so it must have a trade surplus.
Figure 16.4The pollution tax in Figure 16.4:
A. reduces equilibrium output. B. reduces pollution associated with the production of the good. C. raises equilibrium price. D. All of these