View Lab Report - Business Economics Answer sheet from SANSKR 200 at University of California, Berkeley. Q1 A : Assume that a business firm sells a product at the price of Rs 500.

Economics 05/01/15 Economics Worksheet: Money! Write the word or phrase next to its definition Legal Tender Savings Account Debit Card Checking Account Barter Currency Money Credit Coins Check Debt Collateral _____ 1. Anything that is customarily used as a medium of exchange. 1. Answer the following questions about cost curves: a. Why must the marginal cost curve always cut the average variable cost curve and the average total cost curve at the lowest points of those curves? b. What is the relationship between the law of diminishing marginal returns and the slope of the marginal cost curve? c. Economics Questions and Answers - Discover the community of teachers, mentors and students just like you that can answer any question you might have on Economics