A demand curve is said to be inelastic if:

Debt equity swaps may lead to

(a) increased foreign ownership. (b) greater domestic inflation. (c) lower debt servicing requirements. (d) all of the above. (e) none of the above.

If average fixed costs equal $60 and average total costs equal $120 when output is 100, the total variable cost must be

a. $40. b. $60. c. $6,000. d. $8,000.