A linear total cost curve which passes through the origin implies that
a. average cost is constant and marginal cost is variable.
b. average cost is variable and marginal cost is constant.
c. average and marginal costs are constant and equal.
d. need more information to answer question.
c
Economics
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A major reason for regulating the financial sector is to facilitate __________ policy
A) monetary B) fiscal C) antitrust D) merger
Economics
An implication of the downward slope of the demand curve for a monopolistic competitive firm is that
A) its marginal revenue curve slopes upward. B) its marginal revenue curve is the same as the demand curve. C) its marginal revenue curve slopes downward but lies above the demand curve. D) its marginal revenue curve slopes downward but lies below the demand curve.
Economics