If marginal cost is increasing, average variable cost must also be increasing.
Answer the following statement true (T) or false (F)
False
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Since the year 2000, the share of the population holding or actively looking for jobs have ________ in the United States:
A. been record high. B. decreased. C. increased. D. remained approximately constant.
The total value of all outstanding federal government securities is called
A) the budget deficit. B) crowding out. C) the public debt. D) the trade deficit.
Which of the following is true if the opportunity cost of producing a particular good is less than its accounting profit?
A. Economic profit is zero. B. Economic profit is negative. C. Economic profit is positive. D. Economic profit cannot be determined.
Refer to Scenario 5.4. What is the standard deviation of the investment?
A) 0 B) 16.58 C) 56.12 D) 90.14 E) none of the above