There are outputs for which ________ costs exceed ________ costs in the short run.
A) total fixed; total
B) average variable; average total
C) total variable; total
D) average total; average variable
D) average total; average variable
Economics
You might also like to view...
What was a secondary objective of the Bretton Woods system?
a. help defeat communism and promote peace b. strengthen the concept of trade reciprocity c. reinstate isolationist policy for the U.S. d. establish the U.S. as economic hegemon
Economics
Last week, 13 Mexican pesos could purchase one U.S. dollar. This week, it takes 11 Mexican pesos to purchase one U.S. dollar. This change in the value of the dollar will ________ exports from the United States to Mexico and ________ U.S
aggregate demand. A) increase; decrease B) increase; increase C) decrease; increase D) decrease; decrease
Economics