In perfect competition, the marginal cost curve intersects the average cost curve?

Which of the following explains marginal cost?

A. Overhead cost plus variable cost resulting from production B. the average cost of producing more units of the products C. The extra cost of producing more units of products D. Overhead cost minus variable cost E. The addition to total cost resulting from the...
In perfect competition, the marginal cost curve intersects the average cost curve?

Credit creation by banks is limited by?

A. an increase in bank deposits B. the establishment of specialized banks C. the non-availability of collateral security D. the use of cheques for all transactions of the banks E. abolishing the reverse ratio Correct Answer: Option C – the non-availability of...

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