In general, the marginal cost curve
A) has a positive slope.
B) has a negative slope.
C) is horizontal.
D) is vertical.
E) is U-shaped.
A
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The expansion of capital that can occur in the long-run but not, by definition, in the short-run, means that the long-run supply is
a. perfectly horizontal while the short-run supply curve is upward sloping. b. sloping downwards while the short-run supply curve is upward sloping. c. less elastic than the short-run supply curve. d. more elastic than the short-run supply curve.
In what year did the United States go off the gold standard?
A) 1933 B) 1945 C) 1981 D) 2001
The U.S. Congress passed legislation in the late 1800 . that established land-grant universities to educate citizens in agriculture, home economics, mechanical arts, and other practical professions. Two important missions for land-grant universities are education and research. Explain how the establishment of land- grant universities has affected the growth of the U.S. economy
The stocks that make up the Dow Jones Industrial Average:
A. are dominated by the automobile industry. B. are not a broad measure of the market since they do not include any technology companies. C. have changed as the structure of the economy has changed. D. are the same ones that were originally used to construct the index.