Total fixed cost is the cost of
A) labor.
B) production.
C) a firm's fixed factors of production.
D) only implicit factors of production.
E) only explicit factors of production.
C
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To maximize its profit, a single-price monopoly produces the quantity at which
A) the difference between marginal revenue and marginal cost is as large as possible. B) marginal revenue equals marginal cost. C) average total cost is at its minimum. D) the marginal cost curve intersects the demand curve. E) the marginal revenue curve intersects the horizontal axis.
An increase in financial innovations such as increased network of ATM machines and the widespread acceptance of debit cards
A) will shift the demand for money to the right. B) will shift the demand for money to the left. C) increases the quantity of money people want to hold at each interest rate. D) decreases the quantity of money people want to hold at each interest rate.