When AVC is rising, ATC
A. must be rising.
B. must be falling.
C. may be falling or rising.
D. will remain constant.
C. may be falling or rising.
Economics
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Which of the following is least likely to be considered an input to production?
A) a supervisor's time B) an integrated circuit fabrication plant C) wind D) None of the above.
Economics
If the exchange rate changes from 1 euro per U.S. dollar to 1.2 euros per U.S. dollar, the Euro has
a. appreciated, since its value has increased b. appreciated, since the price of U.S. dollars has increased c. appreciated, making U.S. goods cheaper in Euros d. depreciated, since its value has declined e. depreciated, since its value has increased
Economics