Which of the following statements is true? If the marginal product of labor diminishes,
a. average fixed cost rises
b. average variable cost is constant
c. marginal cost rises
d. average total cost must rise
e. total cost rises at a diminishing rate
C
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As output increases, average fixed cost
A) always decreases. B) increases, then decreases. C) decreases, then increases. D) remains constant.
Exhibit 36-1 Bond FaceValueof Bond Price ofthe Bond Annual CouponPayment A $1,000 $850 $25 B $1,000 $950 $41 C $1,000 $1,100 $52 D $1,000 $1,100 $32 E $1,000 $1,000 $50 Refer to Exhibit 36-1. The coupon rate for bond C is
A. 0.05 percent. B. 5.2 percent. C. 4.7 percent. D. 100 percent.
A rise in six-month LIBOR is good news to __________ in a swap contract
A) the fixed-rate payer B) the floating-rate payer C) both payers D) neither payer
Following a new deposit of $50 at a bank, drawn on funds previously held on deposit at another bank, when the reserve ratio is 10 percent, the maximum potential increase in the money supply will be
A) $0. B) $50. C) $400. D) $500.