Along the portion of the consumption function that lies above the 45-degree line, saving is
A. equal to consumption.
B. positive.
C. negative.
D. equal to zero.
Answer: C
Economics
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A) more; rises B) less; rises C) more; falls D) less; falls
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If the price exceeds the average variable cost, by producing the level of output such that marginal revenue equals marginal cost, the firm ensures that it will
A) earn an economic profit. B) not suffer any losses. C) earn the largest profit possible. D) survive in the long run.
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All railroads were private enterprises with no government influence
Indicate whether the statement is true or false
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