If average total cost is falling marginal cost must also be falling
Indicate whether the statement is true or false
FALSE
You might also like to view...
According to the text, much of the increase in productivity that has occurred more recently in the fast food industry was the result of improvements in capital and technology
Indicate whether the statement is true or false
Why is it important to use real rather than nominal GDP figures when making comparisons of output across time periods
What will be an ideal response?
In recent decades, countries with high economic growth have experienced ________ inequality, and those with low rates of growth have experienced ________ inequality.
A. increasing; increasing B. increasing; decreasing C. decreasing; decreasing D. decreasing; increasing
When mismatch unemployment characterizes an economy
A) monetary and fiscal policies to raise AD are the appropriate government action. B) only monetary policy will be effective. C) monetary and fiscal policies to raise AD are not the appropriate government action. D) only general (not specific) fiscal policy will be effective.