All of the following can be used to compute average profit except
A) marginal profit minus marginal cost. B) average revenue minus average total cost
C) total profit divided by quantity. D) price minus average total cost.
A
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A peak is the
A) lower turning point of a business cycle when an expansion ends. B) lower turning point of a business cycle when a recession ends. C) upper turning point of a business cycle when an expansion ends. D) upper turning point of a business cycle when a recession ends.
How are daily gains and losses settled in the futures market?
A. Gains and losses are not realized until the party either accepts delivery or delivers the product at the end of the contract. B. Through withdrawals and deposits in the owners' personal savings account. C. Through withdrawals and deposits in the margin account. D. Through direct cash transfers between the buyer and a seller of each contract.