If a firm experiences constant returns to the variable input in the short run:

a) marginal cost will be greater than average variable cost, but the two will become more equal as output increases.
b) marginal cost will be less than average variable cost, but the two will become more equal as output increases.
c) marginal cost will be greater than average variable cost, and the difference between the two will become larger as output increases.
d) marginal cost and average variable cost will be equal over the range of output in question.

Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.

Jillian wants to plan her finances because she wants to create and maintain her tax and credit history. she also wants to chart out all of her financial transactions for the past federal fiscal year. what duration should jillian consider to calculate her finances? from (march or january )to (december or april)?

An important source of public scrutiny is "watchdogs." these are: the efforts of a firm's competitors, including how often the competitors attack the firm's strategies. taxpayer-supported government agencies that limit a firm's ability to compete in foreign markets. companies designated by the government to only produce products that support the government defense program. socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide consumers with their opinions about the level of corporate responsibility of various companies.