Other things equal, if the prices of a firm's variable inputs were to fall:
A. one could not predict how unit costs of production would be affected.
B. marginal cost, average variable cost, and average fixed cost would all fall.
C. marginal cost, average variable cost, and average total cost would all fall.
D. average variable cost would fall, but marginal cost would be unchanged.
Answer: C
Economics
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Suppose a bank has $10 million in capital, $100 million in assets, and after-tax profit of $2 million? what is its return on assets? What is its return on equity?
What will be an ideal response?
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The Forstall System was the antebellum banking regulation in:
a. New England. b. The old Northwest (Ohio, Indiana, Illinois, and neighboring states). c. New York State. d. Louisiana.
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