The typical cost curves are U-shaped due to the
A) law of diminishing marginal utility.
B) law of supply.
C) law of demand.
D) law of diminishing marginal product.
Answer: D
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When the bond prices rise, interest rates fall.
Answer the following statement true (T) or false (F)
The ________ of a project is the sum of all costs and benefits associated with the project, using present values to make the costs and benefits comparable
A) discounted value B) cumulative present value C) net present value D) gross present value
Refer to Figure 16.1. A decrease in the depreciation rate is best represented by a movement from
A) point A to point B. B) point B to point A. C) point A to point C. D) point C to point A.
In the short run, a firm should shut down if its economic loss from operating exceeds its total fixed cost
a. True b. False Indicate whether the statement is true or false