In the typical AC curve, the downward-sloping part is attributable to
a. spreading fixed costs over larger outputs and increasing returns to the variable inputs.
b. declining administrative costs as output increases.
c. falling fixed costs.
d. rising total product.
a
Economics
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Ceteris paribus, if the Fed reduces the discount rate, then:
A. The incentive to borrow funds increases. B. Required reserves decrease. C. The money multiplier increases. D. Total reserves decrease.
Economics
You are running a small yard maintenance business for the summer. What do you expect to happen to the number of yards you can maintain in a day as you add workers if you don't purchase more capital equipment (like mowers and leaf blowers)?
What will be an ideal response?
Economics