A ____ total cost function implies that marginal costs ____ as output is increased
a. linear; increase linearly
b. quadratic; increase linearly
c. cubic; increase linearly
d. a and b
e. none of the above
b
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When Taylor raised the price of earrings at Taylor's Boutique, her total revenue from selling earrings increased. This suggests that:
A. there are many other boutiques competing with Taylor. B. the demand for Taylor's earrings at the original price was elastic. C. there was excess demand for earrings at the original price. D. the demand for Taylor's earrings at the original price was inelastic.
A higher labor to capital ratio results in greater productivity of labor.
Answer the following statement true (T) or false (F)
To increase the sale of goods and services, companies must regard their own countries as their market.
Indicate whether the statement is true or false.
Summarize the anti growth view of economic growth
Please provide the best answer for the statement.