Average variable cost is total variable cost:
A. divided by input.
B. multiplied by output.
C. divided by output.
D. multiplied by price.
Answer: C
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Owners of a corporation have limited liability for the debts of the business.
Answer the following statement true (T) or false (F)
If both frictional and structural unemployment increased, the natural rate of unemployment:
a. Would increase b. Would not change c. Would decrease d. Would be affected in an unpredictable manner
How does rent control tend to cause persistent imbalances in the market for housing?
A. Quantity demanded exceeds quantity supplied but price cannot rise to remove the shortage. B. Quantity demanded exceeds quantity supplied but price cannot fall to remove the surplus. C. Quantity supplied exceeds quantity demanded but price cannot rise to remove the shortage. D. Quantity supplied exceeds quantity demanded but price cannot fall to remove the surplus.
When the interest rate falls,
a. the opportunity cost of holding money rises b. people shift out of holding interest-yielding asset holdings into holding money c. the quantity of money people will hold decreases d. investment spending decreases e. real GDP will decrease