A cubic cost function implies:
A) a U-shaped average variable cost curve.
B) a U-shaped marginal cost curve.
C) a U-shaped average cost curve.
D) all of the above
D
Economics
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In December 2009, currency was $400 billion, traveler's checks were $5 billion; checkable deposits owned by individuals and businesses were $600 billion, saving deposits were $2,00 billion, time deposits were $1,500 billion; and money market funds
were $1,200 billion. What was the M1 in December 2009? A) M1 = $405 billion B) M1 = $1,005 billion C) M1 = $3,005 billion D) M1 = $3,500 billion E) M1 = $3,505 billion
Economics
What are the three major types of quotas?
What will be an ideal response?
Economics