Multiple Choice
In the diagram, (1) is the
A) expected-rate-of-return curve, and (2) is the average total cost curve.
B) total revenue curve, and (2) is the interest-rate cost-of funds-curve.
C) expected-rate-of-return curve, and (2) is the interest-rate cost-of-funds curve.
D) marginal cost curve, and (2) is the marginal benefit curve.
Correct Answer:

Verified
Correct Answer:
Verified
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