the answer is C. some heros are not recognized persons
Answer:
The correct answer is C. The firm is producing at the point where marginal cost equals average cost.
Explanation:
According to the cost curve, if the marginal component is exactly equal to the total cost, the average total cost is the minimum. If the marginal cost equals variable cost, the moving average cost is the minimum.
Answer:
The correct answer is letter "A": The convenience yield is always positive or zero.
Explanation:
The convenience yield reflects the premium of possessing an asset instead of one of its derivates or contracts. This situation arises in front of inverted markets, where holding the asset itself may bring more profits than purchasing a derivate of the same asset.
<em>The convenience yield tends to be positive or zero because the prices of assets cannot fall below zero. In other words, they are not negative.</em>
Explanation:
10%×1.2+30%×0.8+40%×1.1+20%×1.5=12%+24%+44%+30%=1.1?
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