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.
Total fertility rates (TFRs) among major regions of the world.
Uranus revolves around the Sun once every 84 Earth years. Its average distance from the Sun is rough
Cardiac Output
Generally, the total tax burden in the United States is much lower than that of other industrialize
Average Pulse Rates by Age
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994