When average variable cost is at its minimum, it is equal to the marginal cost of production at that level of output

"Smokers are more likely to be murdered than nonsmokers." This statement is an example of:

A) the fallacy of unintended consequences. B) a positive economic statement. C) a normative economic statement. D) a value judgment.

When you buy a corporate bond, you are

A. borrowing funds from the corporation. B. lending funds to the corporation. C. selling an ownership right in the corporation. D. acquiring an ownership right in the corporation. E. b and d