If average cost is positive,
A) marginal cost equals average cost.
B) marginal cost exceeds average cost.
C) marginal cost is less average cost.
D) Not enough information is provided.
D
Economics
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Which of the following is not part of the Federal Reserve System?
a. Treasury Department b. District Federal Reserve Banks c. Federal Open Market Committee d. Branches of District Federal Reserve Banks e. Board of Governors
Economics
Refer to the above figure. Which panels could represent the situation if the Fed had engaged in open market operations?
A. Panels A and B B. Panels A and C C. Panels B and C D. Panels C and D
Economics