The New Deal in U.S. history is that period during the Great Depression in which American "capitalism" is redefined and the role of the federal government in the economy fundamentally changes forever

Refer to the above figure. The figure represents the consumption function for a consumer. Point B represents

A) autonomous consumption. B) positive saving. C) negative saving. D) zero saving.

Which of the following is true in the short run at the output level where average total cost is at its minimum?

a. Marginal cost equals average total cost. b. Average variable cost equals fixed cost. c. Marginal cost equals average variable cost. d. Average total cost equals average fixed cost. e. Average total cost equals average variable cost.