The firm has a U-shaped:
The table shows the relationship between total cost and output for a firm.
A. Total cost curve
B. Marginal cost curve
C. Average fixed cost curve
D. Total variable cost curve
B. Marginal cost curve
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Freeways in large cities tend to be congested during rush hours to the point where offer little or no advantage over non-freeway routes because
A) drivers generally ignore marginal benefits and costs. B) drivers usually ignore marginal benefits and costs during rush hours. C) no monetary fee is charged for the use of freeways during rush hours. D) not enough freeways have been constructed due to special interests' control of the government. E) people need to get to work and the demand for freeway travel is consequently inelastic during rush hours.
Who is considered to be the most powerful person in the economic world by many observers?
a. Federal Reserve Chair b. EU Central Bank President c. Director-General of the WTO d. World Bank President