If you know that with 8 units of output, average fixed cost is $12.50 and average variable cost is $81.25, then total cost at this output level is:
A. $93.75
B. $97.78
C. $750
D. $880
C. $750
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If credit card usage exhibits a sharp increase, there is
A) an upward movement along the demand for money curve. B) a rightward shift of the demand for money curve. C) a leftward shift of the demand for money curve. D) a downward movement along the demand for money curve. E) a leftward shift of the supply of money curve.
Bank capital will decline following an increase in interest rates if the value of its
A) fixed-rate assets is greater than the value of its fixed-rate liabilities. B) fixed-rate assets is less than the value of its fixed-rate liabilities. C) fixed-rate assets is greater than the value of its variable-rate assets. D) fixed-rate liabilities is greater than the value of its variable-rate liabilities.
Multilateral aid is provided by
a. The U.S. Agency for International Development b. The Canadian International Development Agency c. The World Bank d. The American Red Cross e. none of the above
The accompanying figure shows Becky's daily production possibilities curve for dresses and skirts.
Point U is:
A. efficient. B. attainable. C. inefficient. D. unattainable.