If the marginal cost of the 5,000th unit is $0.06 and the average total cost of the 5,000th unit is $0.10:
A. total cost is falling.
B. average variable cost is falling.
C. average total cost is falling.
D. average fixed cost is rising.
Answer: C
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Eurobanks are
A) all European Banks. B) all non American banks. C) banks that accept deposits denominated in Eurocurrencies excluding Eurodollars. D) banks that accept deposits denominated in Eurocurrencies including Eurodollars. E) banks that do not take U.S. dollars.
Which of the following statements represents a correct and sequentially accurate economic explanation?
A) If consumption falls, total expenditures on goods and services rises, and the AD curve shifts leftward. B) If investment increases, total expenditures on goods and services falls, and the AD curve shifts leftward. C) If net exports rise, total expenditures on goods and services rises, and the AD curve shifts rightward. D) If consumption falls, total expenditures on goods and services falls, and the AD curve shifts leftward. E) c and d
Suppose you observe that the sun sets every evening after the six o'clock business report. If you conclude that the six o'clock business report makes the sun set, you are guilty of the fallacy of:
A) division. B) composition. C) false cause. D) science.
A reason tariffs and quotas are imposed is that
A) their costs are spread among many people and their benefits are concentrated. B) their costs are concentrated and their benefits are spread among many people. C) they create net benefits in the long run. D) they reduce import dependence.