Author Question: As a firm produces more and more DVDs, the average cost of producing each DVD falls. A curve showing ... (Read 115 times)

Beheh · **on:** Jun 29, 2018

As a firm produces more and more DVDs, the average cost of producing each DVD falls. A curve showing the behavior of the average cost of a DVD as more DVDs are produced

A) would be positively and then negatively sloped.
B) would be positively sloped.
C) would be horizontal.
D) would be negatively sloped.

Question 2

Are checkable deposits really money?

A) No, because they are only commercial bank liabilities, not government liabilities.
B) No, because they are ultimately only entries in the balance sheets of commercial banks.
C) Yes, because they can be converted on demand into currency or coin.
D) Yes, because they can be used to make purchases and pay debts.