Which of the following situations is NOT possible?
A) SAC and LAC are both increasing for some output levels.
B) SAC is increasing but LAC is decreasing for some output levels.
C) SAC is decreasing but LAC is increasing for some output levels.
D) SAC and LAC are both decreasing for some output levels.
E) All of the above are possible.
E
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Net exports are a ____ proportion of GDP and have recently been ____ for the United States
a. small; positive. b. small; negative. c. large; positive d. large; negative.
The "implicit debt" accompanying the Social Security and Medicare programs is
a. substantially greater than the national debt. b. approximately equal to the national debt. c. about half the size of the national debt. d. about one tenth the size of the national debt.
Tax incidence refers to
A) determining who sends the taxes into the government. B) the tendency of some people to avoid paying taxes at all. C) the distribution of tax burdens among groups, or who really pays a tax. D) determining the marginal tax rate applied to any increase in income.
You have savings accounts at two separately FDIC insured banks. At one of the banks your account has a balance of $200,000. At the other bank the account balance is $60,000. You find out the banks are going to merge. If you are concerned about the possibility of the new bank failing, you should:
A. consider moving $10,000 to another account at a different bank. B. do nothing; you are still insured up $250,000 per account. C. do nothing; as an individual you are only insured up $250,000 no matter where the accounts are. D. consider moving $10,000 to another account at the same bank.