Marginal cost
a. Is the incremental cost incurred by producing an additional unit of output.
b. Is the total cost of production
c. Is the total fixed cost of production.
d. None of the above
a
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Mergers between companies producing widely divergent goods is called a
A) conglomerate merger. B) diagonal merger. C) horizontal merger. D) vertical merger.
In the short run, a monopolist will shut down when
a. average total cost is greater than price at all output levels b. average variable cost is greater than average fixed cost at all output levels c. price is greater than average variable cost at all output levels d. average fixed cost is greater than price at all output levels e. average variable cost is greater than price at all output levels
Impact investors are willing to be more patient, take greater risks, and sometimes accept lower financial returns as long as they're convinced that their money:
A. is being used to create social change. B. will have a better financial return in the long run. C. is gaining more worth than it would in domestic investments. D. None of these statements is true.
The countries that contribute the most to worldwide greenhouse gas emissions
A. are all developed countries. B. are all developing countries. C. include a mix of developed and developing countries. D. cannot be identified since greenhouse gases move throughout the atmosphere.