Which of the following cost relationships is not true?

A) AFC = AC - MC
B) TVC = TC - TFC
C) The change in TVC/the change in Q = MC
D) The change in TC/ the change in Q = MC

A

Economics

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Contractionary fiscal policy will lead to an increase in government borrowing.

a. true b. false

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A currency's role as an international unit of account is due to

A) invoicing costs. B) transaction costs. C) information costs. D) intervention costs.

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