Which cost always increases as output increases?
A) total cost
B) marginal cost
C) average total cost
D) average fixed cost
A
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The American Civil War lasted from the spring of 1861 to the spring of 1865. During the war the Confederate government issued substantial amounts of fiat paper currency
What do you think happened to the price level (measured in Confederate dollars) in the Confederate states during the final months of the war?
An example of a public good that is difficult to make excludable is:
A. sewer systems. B. fire protection. C. national defense. D. All of these are nonexcludable public goods.
If the quantity demanded of product S increases as the price of product T decreases, then S and T are complements
a. True b. False Indicate whether the statement is true or false
A country with a low living standard can save easily
a. True b. False Indicate whether the statement is true or false