If marginal cost is rising, then average cost must be rising
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
On the graph above, consider a point A on the aggregate demand curve and above the aggregate supply curve. At this point, ________
A) quantity demanded equals output, but the inflation rate will fall, so output will rise B) quantity demanded is greater than quantity supplied, so the inflation rate will rise C) output is greater than the quantity demanded, so output will fall D) the aggregate demand curve will shift to the right until quantity demanded is equal to quantity supplied E) none of the above
The crowding-out effect of an expansionary fiscal policy is the result of government borrowing in the market which
A. increases interest rates and net investment spending in the economy. B. increases interest rates and decreases net investment spending. C. decreases interest rates and increases net investment spending. D. decreases interest rates and net investment spending.
When a variable that is named on an axis of a graph changes, the curve shifts
a. True b. False Indicate whether the statement is true or false
To complete company setup you must complete all of the following except:
a. Add customers b. Add payroll forms c. Add products and services as items d. Add vendors