Average variable cost is equal to
A. average cost plus average fixed cost.
B. marginal cost plus average fixed cost.
C. marginal cost.
D. average total cost minus average fixed cost.
D. average total cost minus average fixed cost.
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If hiring a minority would drive away customers, then discriminating against that minority might increase profits for the business that is doing the hiring
Indicate whether the statement is true or false
Federal Reserve policy tools include all of the following EXCEPT
A) desired reserve ratios. B) required reserve ratios. C) the discount rate. D) open market operations.
When prices are used as a rationing device, goods that are relatively more scarce than they used to be will have
A) greater demand. B) lower excess demands. C) higher prices. D) long queues.
Refer to the given information. If the real interest rate is 15 percent, what amount of investment will be undertaken?
Answer the question on the basis of the following information for a private closed economy. Assume that for the entire business sector of the economy there is $0 worth of investment projects that will yield an expected rate of return of 25 percent or more. But there are $15 worth of investments that will yield an expected rate of return of 20-25 percent; another $15 with an expected rate of return of 15-20 percent; and similarly an additional $15 of investment projects in each successive rate of return range down to and including the 0-5 percent range. A. $15. B. $30. C. $45. D. $60.