Which of the following is NOT correct?
A) MC = change in TC/change in Q
B) ATC = TC/Q
C) AVC = TVC/Q
D) ATC + AVC = AFC
Answer: D
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How did the Zimbabwean hyperinflation end?
A. As of 2016, Zimbabwe's hyperinflation has not yet ended. B. Mugabe legalized transactions in foreign currencies. C. the Zimbabwean dollar was replaced with a new Zimbabwean currency. D. Zimbabwe's central bank sharply reduced the money supply.
Consider a setting in which there is a negative externality, but no positive externality. The market outcome is __________________; government can bring about the ___________________ outcome if it sets a tax equal to the __________________
A) efficient; inefficient; MSC B) efficient; inefficient; MEC C) inefficient; efficient; MEC D) inefficient; efficient; MPC E) inefficient; efficient; MSB