If the average-total-cost curve is falling, then the marginal-cost curve must also be falling
a. True
b. False
Indicate whether the statement is true or false
False
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If Frito Lay, an American snack company, opens a new manufacturing facility in Mexico and produces snacks which are distributed in South America, then Mexico's GDP ________ and U.S. GDP ________
A) increases; does not change B) does not change; increases C) increases; decreases D) increases; increases
Increases in the capital stock: a. Shift the short run aggregate supply curve to the right
b. Shift the long run aggregate supply curve to the right. c. Shift both short run and long run aggregate supply curves to the right. d. Do none of the above
A regulatory budget would
A. provide an accounting of government regulation. B. be difficult to compute. C. have to be attempted unofficially. D. all of these answer options are correct.
Refer to the accompanying table below. The marginal cost of the 4th unit of activity is:Units of ActivityTotal CostTotal Benefit0$0$01$2$122$6$223$12$304$20$365$30$406$42$427$56$43
A. $10 B. $8 C. $6 D. $5