In the above figure, the vertical distance between the ATC and AVC curves is
A) the marginal cost.
B) the total cost.
C) the average fixed costs.
D) None of the above answers is correct.
C
Economics
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Suppose the Fed wants to increase the money supply. The most frequent way used to do this is
a. increase the discount rate b. decrease the prime rate c. buy US corporate stock from banks d. buy US govt bonds from banks
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Marcus sells 300 candy bars at $0.50 each. His total costs are $125 . His profits are
a. $25. b. $124.50. c. $125. d. $150.
Economics