If a firm increases its production every month, then its:
a. average fixed cost increases every month.
b. average variable cost gets closer to the average total cost every month.
c. average variable cost becomes equal to the average total cost.
d. average fixed cost gets closer to the average total cost every month.
b
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Refer to Figure 18.2. After trade and specialization begin, the maximum amount of fishing poles that Macadamia can consume is
A) 40. B) 100. C) 120. D) 160.
Stephanie wants to buy a laptop . She has chosen a particular model. However, before ordering it online, she decided to read some of the user reviews provided in the Web site
She happened to overlook the negative feedback of some users and focused only on the positive ones. This is an examples of a(n) ________ bias. A) attenuation B) distinction C) attentional D) confirmation