If marginal cost is above average cost, average cost must be rising.
Answer the following statement true (T) or false (F)
True
You might also like to view...
The ________ is the cost of paid by the producer plus any cost paid by everyone else when another unit of a good or service is produced
A) marginal external cost. B) marginal private cost. C) marginal social cost. D) None of the above answers is correct.
State and local income taxes should be deducted from federal income tax.
A. True B. False C. Uncertain
Keynesian economists argue that
A) equilibrium real GDP is demand-determined. B) equilibrium real GDP is supply-determined. C) equilibrium real GDP can be reached only in a theoretical economy. D) reaching equilibrium real GDP always results in inflation.
If workers in an industry become less productive, we would expect the
A) supply of workers to increase. B) supply of workers to decrease. C) demand for workers to decrease. D) demand for workers to increase.