Average costs curves rise with production
a. Due to declining average fixed costs
b. Due to rising average fixed costs
c. Due to marginal costs being less than average costs
d. Due to rising marginal costs
d
Economics
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Bread and butter are complements. A decrease in the price of bread results in a(n)
a. decrease in the supply of break b. increase in the demand for butter c. increase in the demand for bread d. increase in resource prices e. violation of the law of demand
Economics
Refer to the given balance sheets. If the reserve ratio is 25 percent, the maximum money- creating potential of the commercial banking system is:
A. $36.
B. $17.
C. $48.
D. $24.
Economics