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Author Question: When the marginal cost curve lies above the average cost curve, ________. A) the marginal cost ... (Read 109 times)

tnt_battle

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on: Jun 29, 2018
When the marginal cost curve lies above the average cost curve, ________.
 
  A) the marginal cost curve slopes upward, while the average cost curve slopes downward
  B) the marginal cost curve slopes downward, while the average cost curve slopes upward
  C) both the marginal cost curve and the average cost curve slope upward
  D) both the marginal cost curve and the average cost curve slope downward

Question 2

Today's Federal Reserve bank notes promise to pay the bearer
 
  A) nothing.
  B) a fixed quantity of gold.
  C) a variable quantity of gold.
  D) a specific interest rate.
  E) a variable interest rate.


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epscape

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


tnt_battle

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

mjenn52

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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