Marginal cost is the additional cost to a firm of producing one more unit of a good or service
Indicate whether the statement is true or false
TRUE
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Which of the following statements is true?
A) Technological innovation can cause unemployment in a country as a whole. B) Technological innovation always complements labor. C) Technological innovation can cause unemployment in a single industry. D) Technological innovation always substitutes labor.
Common sense suggests (and macroeconomists agree!) that sustained economic growth over extended time periods is more important than the economy's short-term fluctuations
Why, then, do macroeconomists (and policymakers, and the general public) care so much about the business cycle?
If this is a closed economy, how many bikes will be produced?
A. 80,000 B. 50,000 C. 100,000 D. 20,000
A speculator who takes a long position in a market buys low and sells high, whereas a speculator who taxes a short position in a market buys high and sells low.
Answer the following statement true (T) or false (F)