The average total cost curves for Plant 1, ATC0, and Plant 2, ATC1, are shown in the figure above. The long-run average cost curve goes through points
A) C, D, G.
B) A, C, E.
C) A, B, D, G.
D) A, B, D, E, F.
C
You might also like to view...
Refer to Figure 2-8. Suppose Vidalia is currently producing 20 dozen orchids per period. How many roses is it also producing, assuming that resources are fully utilized?
A) 30 dozen roses B) 50 dozen roses C) 100 dozen roses D) 150 dozen roses
When Ferrari sells stock to the public in its IPO, it will do so through the New York Stock Exchange. This is an example of Ferrari using ________ to raise funds
A) corporate governance B) bonds C) direct finance D) indirect finance
According to the book, the characteristic way an individual or family manages resources is shaped by 5 forces, which of the following is not one of them
a. Psychological/personality b. Economic c. Technological d. Cognitive
Table 29-1Effects of an open-market transaction on the balance sheets of banks and the fed (in millions of dollars) Banks ? Federal Reserve System ? Assets Liab. Assets Liab. Reserves +$10 ? U.S. Gov’t Bank Reserves U.S. Gov’t ? Sec. +$10 +$10 Securities?$10 ? ? ? ? In Table 29-1, if the required reserve ratio is 10 percent, what will happen to the money supply? Use the oversimplified money multiplier in your calculations.
A. The money supply will decrease by $100 million. B. The money supply will decrease by $10 million. C. The money supply will not change. D. The money supply will increase by $10 million. E. The money supply will increase by $100 million.