Other things being equal, when average productivity falls:
A. average fixed cost must rise.
B. marginal cost must rise.
C. average variable cost must rise.
D. average total cost must rise.
Answer: C
Economics
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An increase in the discount rate ________ bank reserves and ________ the money supply if banks respond appropriately to the change in the rate
A) increases; decreases B) decreases; decreases C) decreases; increases D) increases; increases
Economics
Which of the following would cause a rightward shift in the demand curve for gasoline?
I. A large increase in the price of public transportation. II. A large decrease in the price of automobiles. III. A large reduction in the costs of producing gasoline. A) I only B) II only C) I and II only D) II and III only E) I, II, and III
Economics