Which of the following average cost functions suggests the presence of a natural monopoly?
A) AC = 2
B) AC = 100/Q + 2
C) TC = 100/Q + 2Q
D) All of the above.
B
Economics
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The Federal Reserve System is organized into ________ Federal Reserve districts
A) 6 B) 10 C) 12 D) 15 E) 50
Economics
A decrease in the interest rate results in
A. a greater opportunity cost of investment and so planned investment spending increases. B. a smaller opportunity cost of investment and so planned investment spending decreases. C. a smaller opportunity cost of investment and so planned investment spending increases. D. a greater opportunity cost of investment and so planned investment spending decreases.
Economics