A firm's marginal cost curve
a. is always U-shaped.
b. always has a positive slope.
c. is always below its average cost curve.
d. always intersects its average cost curve at its minimum point.
d
Economics
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The effects of the negative supply shocks of 1973, 1979 and 2007 were different due to the ________
A) role played by rational expectations in the 1979 event B) different sources of the supply shocks C) credibility of the monetary authorities D) different individuals who led the Federal Reserve System
Economics
Isaac is 25, Sonia is 45, and Jenny is 75 . Would you suppose that each would have the same marginal propensity to consume? Whose ideas on consumption relate to age?
Economics