Select the term: To sell a state-run firm to individuals

The difference between variable cost and fixed cost is that

a. fixed cost is paid even when there is no output b. fixed cost is always falling as output increases c. variable cost only increases for a while and then it decreases d. fixed cost is always less than variable cost e. fixed cost is not paid once production begins

By law, the Federal Reserve is barred from

A. raising the reserve ratio to 20%. B. lowering the discount rate to 2%. C. selling more than $5 billion in United States government securities during any month. D. buying more than $5 billion in United States government securities during any month.