The average fixed cost curve
a. always declines with increased levels of output.
b. always rises with increased levels of output.
c. declines as long as it is above marginal cost.
d. declines as long as it is below marginal cost.
a
Economics
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Pizza and hamburgers are substitutes for consumers. A fall in the price of a pizza ________ the price of a hamburger and ________ the quantity of hamburgers
A) raises; increases B) raises; decreases C) lowers; increases D) lowers; decreases
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Which of the following is an example of FGLS estimation?
A. Dickey-Fuller estimation B. Vector error correction estimation C. Prais-Winsten estimation D. OLS estimation.
Economics