When MC is rising, ATC
A. must be rising.
B. must be falling.
C. may be falling or rising.
D. will remain constant.
C. may be falling or rising.
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According to the interest rate effect, a decrease in the price level will
A) decrease the real value of money balances, which causes total planned real expenditures to increase. B) cause interest rates to fall, which generates an increase in borrowing, so that total planned real expenditures increase. C) lead to a decrease in net exports, which causes total planned real expenditures to decrease. D) increase the real value of money balances, which causes interest rates to increase, thereby reducing total planned expenditures.
A characteristic of an increasing cost industry is that, as the market expands, the:
a. price of the product increases. b. costs of production increase. c. price of the product decreases. d. costs of production decrease.
A. W. Phillips' findings were based on data
a. from 1861-1957 for the United Kingdom. b. from 1861-1957 for the United States. c. mostly from the post-World War II period in the United Kingdom. d. mostly from the post-World War II period in the United States.
Which statement is true?
A. All monopolies are good. B. All monopolies are bad. C. Most natural monopolies are government regulated or government owned. D. None of these statements are true.