When total production is greater than total expenditures,
A) the economy is in disequilibrium.
B) there are increases in inventory.
C) total output will decrease.
D) all of the above
D
Economics
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When Little Furniture Company produces 100 chairs - its average variable cost is $25 . The marginal cost of the 101st chair is $22 . If the firm chooses to produce the 101st chair, what will happen to average variable cost? Explain
What will be an ideal response?
Economics
A person remodeling her house could obtain a loan from a
A) sales finance company. B) consumer finance company. C) business finance company. D) public finance company.
Economics