When a firm is experiencing decreasing marginal costs, it could be because
a. The average costs are increasing
b. The firm is going down its learning curve
c. The firm's marginal productivity is increasing
d. Both C and D
d
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Explain the difference between Microeconomics and Macroeconomics
What will be an ideal response?
Which of the following helps a monopoly perfectly price discriminate?
A) unit demand by each consumer B) the product is perishable C) the product is personalizable D) All of the above.
Imperfect multicollinearity
A) implies that it will be difficult to estimate precisely one or more of the partial effects using the data at hand B) violates one of the four Least Squares assumptions in the multiple regression model C) means that you cannot estimate the effect of at least one of the Xs on Y D) suggests that a standard spreadsheet program does not have enough power to estimate the multiple regression model
Pure capitalism does not focus on private ownership of resources
Indicate whether the statement is true or false