If social regulation increases a firm's fixed and variable costs:
a. then both marginal cost and average total cost will increase, and the firm will produce more.
b. then both marginal cost and average total cost will increase, and the firm will produce less.
c. then both marginal cost and average total cost will decrease, and profits will increase.
d. then marginal cost will increase, average total cost will be constant, and price will decline.
e. then both price and quantity produced will fall.
b
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The price for the shutdown point is ________
A) $5.14 B) between $3.01 and $5.13 C) $3.00 D) between $0 and $2.99 E) greater than $5.15
Everything else being the same, if the interest rate in the United States increases, then in the foreign exchange market the
A) demand for U.S. dollars will remain unchanged. B) demand for U.S. dollars will increase. C) demand for U.S. dollars will decrease. D) supply of U.S. dollars will increase.