For barter to occur there must be
A) two people willing to pay with credit.
B) a double coincidence of wants for each good to be exchanged.
C) one person who pays cash.
D) hyperinflation.
B
Economics
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The marginal cost curve intersects:
A) the total cost curve at its minimum. B) the average fixed cost curve at its maximum. C) the average fixed cost curve at its minimum. D) both the average variable cost curve and the average total cost curve at their minimum.
Economics
Utility is
a. easily measured because all people derive the same utility from consumption b. easily measured because it is an objective concept c. easily measured because it is a subjective concept d. hard to measure because it is a subjective concept e. hard to measure because it is an objective concept
Economics