Refer to Table 21.5:Table 21.5QTFCTVCTCAVCMC0 15--1 23 2 43 15 The total variable cost of 2 units of output in Table 21.5 is
A. $27.
B. $15.
C. $12.
D. $8.
Answer: C
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Microprudential supervision does all of the following EXCEPT
A) checking capital ratios of a bank. B) checking a bank's compliance with disclosure requirements. C) assessing the riskiness of an individual bank's activities. D) focusing on financial system liquidity.
When external costs result from the production of a good,
A. Consumers have an incentive to consume too little. B. Both producers and consumers have an incentive to produce and consume too much. C. Producers and consumers are not affected. D. Producers have an incentive to produce too little.
If a positive permanent supply shock were to occur, the resulting equilibrium would be a:
A. higher level of output at lower prices. B. lower level of output and prices. C. higher level of output and prices. D. lower level of output at higher prices.
What is the relationship between marginal cost and marginal physical product?
What will be an ideal response?