Many country inns shut down in the off-season because
a. the off-season market price falls below average total cost
b. the off-season market price can't cover their average fixed cost
c. the off-season revenue can't cover variable cost
d. the off-season price is below the marginal cost of providing a room
e. innkeepers are interested in maximizing revenue
C
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The most severe financial crisis in U.S history occurred in the years ________
A) 2006-2008 B) 1997-98 C) 1929-33 D) 1873-93
If the government announces a cut in the capital gains tax and it is expected that investment spending will increase as a result, which of the following are also likely?
a. An upward shift in the aggregate expenditure line, a rightward shift of the money demand curve, and a leftward shift of the aggregate demand curve b. A downward shift in the aggregate expenditure line, a rightward shift of the money demand curve, and a rightward shift of the aggregate demand curve c. An upward shift in the aggregate expenditure line, a leftward shift of the money demand curve, and a rightward shift of the aggregate demand curve d. A downward shift in the aggregate expenditure line, a leftward shift of the money demand curve, and a leftward shift of the aggregate demand curve e. An upward shift in the aggregate expenditure line, a rightward shift of the money demand curve, and a rightward shift of the aggregate demand curve.