If diminishing marginal returns is in effect
A) marginal costs fall.
B) marginal costs rise.
C) average costs fall.
D) average revenue is constant.
B
Economics
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If people are risk averse regarding environmental damages.
a. Low discount rates should be used b. High discount rates should be used c. Expected values will overstate ecological damages d. Irreversible actions should be taken e. They will generally approve of irreversible projects f. All of the above. g. None of the above.
Economics
In the figure above, point B is ________
A) on the x-axis B) on the y-axis C) at the origin D) a coordinate
Economics