The statement that there is a direct relation between x and y means that
a. x and y move in the same direction
b. x causes y
c. y causes x
d. either y causes x or x causes y
e. the causal connection between x and y is immediate
A
Economics
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In perfect competition, marginal revenue always equals
a. total revenue. b. price. c. average cost. d. marginal fixed cost.
Economics
The productivity of any input is independent and is not affected by the other resources that are used.
Answer the following statement true (T) or false (F)
Economics