This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When the marginal cost curve lies above the average cost curve, ________. A) the marginal cost ... (Read 152 times)

tnt_battle

  • Hero Member
  • *****
  • Posts: 556
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

epscape

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


tnt_battle

  • Member
  • Posts: 556
Reply 2 on: Jun 29, 2018
Excellent

scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Zonal wind speeds on Uranus. Shaded areas show the southern collar and its future northern counterpa Zonal wind speeds on Uranus. Shaded areas show the southern collar and its future northern counterpa
Average Global Temperature during the Phanerozoic Average Global Temperature during the Phanerozoic
Average Number of Hours Slept per Day by Various Mammalian Species Average Number of Hours Slept per Day by Various Mammalian Species
Does It Cost More to Eat Healthy? Does It Cost More to Eat Healthy?
The Lorenz Curve for the United States, 2009 The Lorenz Curve for the United States, 2009
Cost of Laptops Cost of Laptops
Video: Renin/Angiotensin (water gain from urine & Na ion and water reabsorption)

For a complete list of videos, visit our video library