Whenever average cost exceeds marginal cost,
A. average cost is rising.
B. average cost is falling.
C. marginal cost is rising.
D. marginal cost is falling.
Answer: B
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In the early 2000s, laws requiring banks and mortgage brokers to disclose the terms of home loans:
A. prevented Americans from entering into mortgage contracts that they did not understand. B. were an example of how the government can act to solve the moral hazard problem. C. were so numerous and detailed that borrowers didn't read or understand the information the companies had disclosed. D. reduced statistical discrimination in the home mortgage market.
What would happen to the quantity of human organs supplied if the restriction on selling organs were lifted?
a. It would remain unchanged. b. It would increase. c. It would decrease. d. It would decrease to zero.
Suppose the following information describes the economy:GDP2,000Consumption1,500Government spending300Net taxes400 Private saving equals ________; public saving equals ________; national saving equals ________.
A. 100; 100; 200 B. 200; 100; 300 C. 100; 200; 100 D. 200; 100; 500
Hot dogs and hot dog buns are complements. If the price of a hot dog falls, then Question 23 options:
A. the demand for hot dogs will increase. B. the quantity demanded of hot dogs will decrease. C. the demand for hot dog buns will increase. D. the demand for hot dog buns will decrease.