The shape of the marginal cost curve reflects the
A. Law of diminishing marginal utility.
B. Competitiveness of the firm.
C. Law of demand.
D. Law of diminishing returns.
Answer: D
Economics
You might also like to view...
If the natural monopoly shown in the figure above is unregulated, then it will charge a price of
A) $2. B) $4. C) $5. D) $6.
Economics
Organizations that transform resources into products are known as
A. households. B. factors. C. entrepreneurs. D. firms.
Economics
An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
Economics
An offer is the right but not the obligation to buy or sell foreign currency.
a. true b. false
Economics