Which of the following statements is correct?
a. For most producers, the average total cost curve never crosses the marginal cost curve.
b. The average fixed cost curve must eventually rise.
c. The average total cost curve first rises, then falls with increased output.
d. The marginal cost curve eventually rises with the quantity of output.
d
You might also like to view...
Given the values in the table above, equilibrium output Y = ________ when the real interest rate r = 4
A) 26.6 B) 0.65 C) 14.6 D) 5.65 E) none of the above
If a firms cuts inputs in half, and output falls by more than half, then there are
A) increasing returns to scale. B) decreasing returns to scale. C) constant returns to scale. D) decreasing marginal returns.
The Clayton Act prohibits "all contracts, combinations and conspiracies in restraint of trade."
a. True b. False Indicate whether the statement is true or false
What is the difference between money and wealth?