Which One of the Following Statements Is the MOST Accurate

question 46

Multiple Choice

Which one of the following statements is the MOST accurate?

• A) Since dollar and yen interest rates are measured in comparable terms, they can move quite differently over time.
• B) Since dollar and yen interest rates are not measured in comparable terms, they can move quite differently over time.
• C) Since dollar and yen interest rates are measured in comparable terms, they move quite the same over time.
• D) Since dollar and yen interest rates are measured in comparable terms, they still move quite differently over time.
• E) Since dollar and yen interest rates are so similar, they move quite the same way over time.

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Definitions:

MC

Stands for Marginal Cost, which is the cost of producing one additional unit of a good or service.

MR

Marginal Revenue, the increase in revenue that results from the sale of one additional unit of output.

ATC

Average Total Cost, a calculation used in economics to find the total cost per unit of output when all fixed and variable costs are taken into account.

Economic Profits

The profit a company makes after accounting for both its explicit and implicit costs, including opportunity costs.