For most firms, if the marginal cost curve is plotted on a graph, marginal cost will

A. increase then decrease.
B. decrease then increase.
C. remain constant.
D. decrease over the entire range of output.


Answer: B

Economics

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If foreign interest rates rise

A) the demand for domestic currency rises, causing it to appreciate. B) the demand for domestic currency falls, causing it to depreciate. C) the demand for domestic currency rises, causing it to depreciate. D) the demand for domestic currency falls, causing it to appreciate.

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Which will NOT affect the elasticity of demand for labor?

A) the labor intensity of the production process B) the elasticity of supply for labor C) the elasticity of demand for the good D) the substitutability of capital for labor

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According to the simple quantity theory of money in the AD-AS framework, when the money supply increases, the result is __________ in Real GDP and __________ in the price level

A) no change; no change B) a rise; no change C) no change; a rise D) a rise; a fall E) a fall; a rise

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The actual time length of the short run is determined by when diminishing marginal returns start

Indicate whether the statement is true or false

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