Average total cost will increase if __________
Fill in the blank(s) with correct word
marginal cost exceeds ATC.
Economics
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Refer to the table above. If the income of the consumer is $24, the optimal choice contains:
A) 1 quart of juice and 1 quart of milk. B) 3 quarts of juice and 4 quarts of milk. C) 4 quarts of juice and 4 quarts of milk. D) 4 quarts of juice and 5 quarts of milk.
Economics
The net balance on the balance of payments accounts:
a. always shows a surplus. b. always shows a deficit. c. is always zero. d. is either positive or negative. e. is arrived at without considering omissions and errors in transactions.
Economics
How much is this firm's profit?
Economics
The inflation-adjusted value of all goods and services produced is
A. GDP per capita. B. Nominal GDP. C. The GDP deflator. D. Real GDP.
Economics