Marginal cost is equal to average variable cost
A) when average variable cost is at its minimum value.
B) when marginal cost is at its minimum value.
C) when average variable cost is getting smaller.
D) when average variable cost is getting larger.
Answer: A
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Countries that use the euro as their currency face similar concerns as countries did during the years of the gold standard in that each are (were)
A) using a floating currency. B) unable to conduct fiscal policy. C) unable to conduct monetary policy. D) using currency which is backed by gold.
Geographic areas in which pollution is greater than what is allowed by national ambient air quality standards are referred to as
a. mobile source areas b. prevention of significant deterioration (PSD) areas c. nonattainment areas d. air quality control regions (AQCRs)