As a firm increases its output in the short run, average fixed cost
a. rises steadily
b. falls and then rises
c. falls steadily
d. rises and then falls
e. remains unchanged
C
Economics
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Suppose Marquette Bank and Trust has $10 million in total deposits and the required reserve ratio is 7%. How many dollars can the bank use to seek profit opportunities?
A) $9.3 million B) $7 million C) $930,000 D) $700,000 E) 0. Banks cannot seek profits.
Economics
In the coordination failure model, increasing returns to scale are best explained by strategic
A) mismanagement. B) complementarities. C) substitutabilities. D) collusion.
Economics