As output increases, average fixed cost gets smaller and smaller

Indicate whether the statement is true or false

TRUE

Economics

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Dove policies advocate

a. less stability in output if greater price stability can be achieved. b. more stability in output if greater price stability can be achieved. c. more stability in output even at the cost of more price instability. d. stable prices at any cost. e. more stability in tax revenues even at the cost of more unemployment.

Economics

Based on this information, what would be the national standard for an allocatively efficient abatement?

Hypothetically, suppose a recent study of hazardous waste abatement (A) arrives at the following national estimates for abating chemical solvents: MSB = 100 – 0.75A and MSC = 20 + 0.50A, where A is measured in millions of tons per year, and costs are measured in millions of dollars.

Economics