In the short run, average variable costs are minimized when
A) MPL equals APL.
B) APL is maximized.
C) MPL is maximized and APL is increasing.
D) Both A and B.
D
Economics
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What is the relationship between total taxes and net taxes?
a. total taxes = net taxes ? transfer payments b. net taxes = total taxes + local taxes c. net taxes = transfer payments / total taxes d. total taxes = net taxes - transfer payments e. total taxes = net taxes + transfer payments
Economics
Skeeter's Skeeball Castle has seen its business slow down ever since Kerrie's Off-Key Karaoke opened up next door. Since the opening of Kerrie's Off-Key Karaoke, the opportunity cost of playing skeeball at Skeeter's has
A) decreased. B) increased. C) fallen to zero. D) not changed.
Economics