Whenever average cost is increasing, marginal cost must also be increasing.
Answer the following statement true (T) or false (F)
False
Rationale:
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The risk-free rate is the interest rate:
A. at which one would lend if there were no risk of default. B. borrowers get when the loan is extremely short term. C. the government charges for the loans it gives out. D. savers get on their deposits.
Who was appointed Chair of the Board of Governors in 2014 by President Barack Obama?
a. Ben Bernanke b. Christina Romer c. Larry Summers d. Janet Yellen
If AVC is $10 when P = MC, a firm
A) will have positive economic profits if price is greater than $10. B) is producing too little output. C) should shut down if price is less than $10. D) is experiencing economies of scale.
Use the data in the table below to answer the following question.PriceQuantity Demanded$201218171620142412301036840644448The price elasticity of demand (based on the midpoint formula) when price increases from $10 to $12 is
A. -1.37. B. -0.33. C. -1. D. -3.29.