In the above figure, when price is below E, this firm should
A) lower prices.
B) continue to operate as-is.
C) attempt to lower ATC and to raise AVC.
D) shut down.
D
Economics
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On a graph of the consumption function, where the consumption function crosses the 45 degree line,
A) there is no saving and no dissaving. B) disposable income is zero. C) the maximum level of disposable income is earned. D) there are no tax payments. E) induced consumption equals zero.
Economics
Entitlement programs include:
A. Welfare programs only B. Social insurance programs only C. Both public assistance programs and social insurance programs D. Welfare programs and public assistance programs
Economics