题目内容

A firm is likely to operate in the short run as long as price is at least as great as:

A. Marginal cost.
B. Average total cost.
C. Average variable cost.

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The vertical distance between the average total cost （ATC） curve and average variable cost （AVC） curve:

A. Increases as output increases.
B. Decreases as output increases.
C. Remains constant as output increases.

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Use the following data to answer Questions 54 and 55.
The annual returns for FJWs common stock over the years 2005, 2004, 2005, and 2006 were 15%, 19%,-8%, and 14%.
What is the geometric meanUse the following data to answer Questions 54 and 55.
The annual returns for FJWs common stock over the years 2005, 2004, 2005, and 2006 were 15%, 19%,-8%, and 14%.
What is the geometric mean

A. 9.45%.
B. 14.21%.
C. It cannot be determined because the 2005 return is negative.

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Two mutually exclusive events:

Always occur together.
B. Cannot occur together.
Can sometimes occur together.

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Two events are said to be independent if the occurrence of one event:

A. Means that the second event cannot occur.
B. Means that the second event is certain to occur.
C. Does not affect the probability of the occurrence of the other event.

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A firm is likely to operate in the short run as long as price is at least as great as:

A. Marginal cost. B. Average total cost. C. Average variable cost.

The vertical distance between the average total cost （ATC） curve and average variable cost （AVC） curve:

Two mutually exclusive events:

Two events are said to be independent if the occurrence of one event:

A. Marginal cost.
B. Average total cost.
C. Average variable cost.