The short-run break-even price is the point at which
A) price is less than marginal cost.
B) marginal cost, average total cost and marginal revenue are all equal.
C) average variable cost is at a minimum.
D) marginal cost, price and average variable cost are all equal.
B
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Net exports are:
A) negatively related to domestic income, positively related to income in the rest of the world, and positively related to currency appreciation. B) negatively related to domestic income, positively related to income in the rest of the world, and positively related to currency depreciation. C) positively related to domestic income, positively related to income in the rest of the world, and positively related to currency appreciation. D) positively related to domestic income, positively related to income in the rest of the world, and positively related to currency depreciation.
A recent medical study shows that peanuts are one of the leading causes of high cholesterol. This would cause the demand for peanuts to
a. Shift to the left b. Shift to the right c. go down the demand curve d. not change