Diminishing marginal returns imply that marginal cost is rising.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Refer to the scenario above. If the investor plans to invest a sum of $4,000, the net present value of Option B is:
A) -$1,536.34. B) -$2,322.12. C) $157.46. D) $1,800.79.
When the nominal interest rate rises, the opportunity cost of holding money
A) rises and people hold more money. B) falls and people hold less money. C) falls and people hold more money. D) rises and people hold less money.
The rate of inflation tends to remain constant when
A) the unemployment rate is above the NAIRU. B) the unemployment rate equals the NAIRU. C) the unemployment rate is below the NAIRU. D) the unemployment rate increases faster than the NAIRU increases.
All of the following new construction projects are examples of fixed investment spending except
A) a dental office. B) a manufacturing factory. C) a public library. D) a shopping center.