When average variable costs are rising
A) marginal physical product is also rising.
B) marginal costs is falling.
C) average physical product is rising.
D) average physical product is falling.
Answer: D
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The demand for the U.S. dollar in the foreign exchange market is a derived demand. A derived demand means that the demand is derived from
A) government policy. B) the demand for U.S. goods, services, and assets. C) the supply of U.S. dollars. D) the demand by U.S. residents for foreign goods, services, and assets. E) the domestic demand for U.S. goods and services.
If the cost of capital is 5% then the net present value of the investment is
a. $6,020.41 b. $7,380.95 c. -$7,380.95 d. $10,000
The midpoint quantity between 100 and 300 units is
a. 100 units b. 200 units c. 300 units d. 150 units e. 20,000 units
According to the Coase theorem, private markets will solve externality problems and allocate resources efficiently as long as
a. the externalities that are present are positive, not negative. b. government assigns property rights to the harmed party. c. private parties can bargain with sufficiently low transaction costs. d. businesses determine an appropriate level of production.