The output at which average variable cost is a minimum is ________ than the output at which ________ is a minimum
A) the same as; average total cost
B) the same as; marginal cost
C) less than; average total cost
D) less than; marginal cost
C
Economics
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Each Federal Reserve bank has nine directors. Of these ________ are appointed by the member banks and ________ are appointed by the Board of Governors
A) three; six B) four; five C) five; four D) six; three
Economics
If Dana can paint his house faster than Luke, a professional house painter, then:
a. Dana has a comparative advantage in house painting. b. Dana has an absolute advantage in house painting. c. Luke has a comparative advantage in house painting. d. Luke has an absolute advantage in house painting. e. Dana should always paint his own house.
Economics