If marginal cost is increasing, average total cost must be increasing

Indicate whether the statement is true or false


F

Economics

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Explain the relationship between opportunity costs and money costs. Can they be treated as identical?

What will be an ideal response?

Economics

Labor unions create ________ unemployment at the higher end of the wage ladder

A) frictional B) cyclical C) structural D) under-reported

Economics

Which of the following grew rapidly during the years following the passage of the Medicare and Medicaid programs?

a. the share of healthcare expenditures financed by third parties b. the prices of healthcare relative to the prices of other goods and services c. expenditures on healthcare as a share of the economy d. all of the above

Economics

A worldwide recession reduces the amount of U.S. exports, and as a result, aggregate demand decreases. To move U.S. GDP back to potential GDP, the Fed should

What will be an ideal response?

Economics