If the average-total-cost of producing five units is $10, and the marginal-cost of producing the fifth unit is $10, then the average-total-cost curve is at its minimum at five units.​

Linda's attempt to open a salad bar in a small town failed. Her husband is trying to sell the tables and chairs she purchased. He suspects that Al's Deli may be a potential buyer for the furniture. Linda's husband should now engage in the ________ process to determine if it is worth his time to try to convince Al to buy.

A) qualifying
B) closing
C) database marketing
D) bird dogging
E) leading

When identifying appropriate jobs, which of the following deserves the most emphasis?

A) Projected job market
B) Work experience in one's major field
C) Location preferences
D) Family needs
E) Economic needs

When looking at a graph of aggregate demand, which of the following is correct?

A) There are nominal variables on both the vertical and the horizontal axes.
B) There are real variables on both the vertical and horizontal axes.
C) The variable on the vertical axis is nominal; the variable on the horizontal axis is real.
D) The variable on the vertical axis is real; the variable on the horizontal axis is nominal.

Job evaluations are typically done when a new job is created, when an existing job is significantly changed, and when requested by management.

A monopolist will always equate marginal revenue and marginal cost when maximizing profit.

Nancy's car collides with Randy's truck at an intersection.Randy believes the accident is his fault and asks Nancy if she will agree to a settlement of $5,000 for the damage to her vehicle and her promise not to sue him.Nancy believes the accident is her fault,but agrees to Randy's proposal anyway.Which of the following statements is true?

A) Nancy's forbearance does not amount to consideration because Randy's promise is illusory.
B) Nancy's forbearance does not amount to consideration because she does not have a good faith belief in the validity of her claim against Randy.
C) Nancy's forbearance amounts to consideration because she has a good faith belief in the validity of her claim against Randy.
D) Nancy's forbearance amounts to consideration because Randy has a moral obligation.

The incentive compatibility constraint requires that incentives be consistent with a consumers budget constraint.