TC/q is
A. MC.
B. ATC.
C. TVC.
D. AVC.
Answer: B
Economics
You might also like to view...
An inferior good is ordinary:
a. always. b. if the substitution effect exceeds the income effect. c. if the income effect exceeds the substitution effect. d. never.
Economics
Why is it that if an industry is operating under conditions of internal scale economies then the resultant equilibrium cannot be consistent with the pure competition model?
What will be an ideal response?
Economics
Which of the following would increase a firm's average total costs?
a. economies of scale b. an increase in input prices c. an improvement in technology d. an increase in demand for the firm's product
Economics
Economic rent applies to
A) land only and nothing else. B) real property only. C) all resources. D) any resource in fixed supply.
Economics