Which of the following will become smaller and smaller as the firm expands output?
a. average total cost.
b. average fixed cost .
c. marginal cost.
d. total fixed cost.
Question 2
According to Keynes, the adoption of an expansionary fiscal policy will cause:
a. both equilibrium price level and equilibrium output to rise.
b. equilibrium price level to rise and equilibrium output to fall.
c. equilibrium price level to fall and equilibrium output to rise.
d. both equilibrium price level and equilibrium output to fall.
e. equilibrium price level to remain the same and equilibrium output to fall.
On average, the ratio of carbon to nitrogen is much higher in terrestrial plants than in other major
Illustration of an embolus floating in an artery. The embolus will become lodged in a blood vessel t
Average Global Temperature Rise over the Past Century
Greet a First-Time Client With a Firm Handshake.
Inferring Productivity from Data on Output and Factor Accumulation
Income per Capita versus Total Fertility Rate