Increasing returns
A) causes marginal cost to remain constant.
B) causes marginal cost to rise.
C) causes marginal cost to fall.
D) causes marginal product to rise but then fall.
C
You might also like to view...
A sustained change in the monetary growth rate will
A) immediately affect equilibrium real money balances by raising the money interest rate. B) eventually affect equilibrium nominal money balances by raising the money interest rate. C) eventually affect equilibrium real money balances by reducing the money interest rate. D) eventually affect equilibrium real money balances by raising the real interest rate. E) eventually affect equilibrium real money balances by raising the money interest rate.
List and describe three arguments that help to explain why nations sometimes restrict trade. Does everyone agree with these arguments?