When marginal product is rising
A. average fixed cost is rising.
B. total product is falling.
C. marginal cost is falling.
D. marginal cost is rising.
Answer: C
You might also like to view...
The long-run effect of an increase in the growth rate of the quantity of money is a
A) higher nominal interest rate. B) lower nominal interest rate. C) lower real interest rate. D) lower inflation rate. E) higher real interest rate.
In the Borda-count voting method, irrelevant alternatives are never an issue
Indicate whether the statement is true or false
In the monetary small open-economy model with a flexible exchange rate, an increase in the domestic price level has which impact on domestic money demand?
A) It increases it. B) It decreases it. C) It has no impact. D) It depends.
The negative slope of a production possibilities frontier is a graphic representation of opportunity cost
a. True b. False Indicate whether the statement is true or false