If total profit is at a maximum, then average profit is zero
a. True
b. False
Indicate whether the statement is true or false
False
Economics
You might also like to view...
An increase in the price level results in a(n) ________ in the quantity of real GDP demanded because ________
A) decrease; a higher price level increases consumption, investment, and net exports. B) increase; a higher price level increases consumption, investment, and net exports. C) decrease; a higher price level reduces consumption, investment, and net exports. D) increase; a higher price level reduces consumption, investment, and net exports.
Economics
When two goods are perfect substitutes, averages are better than extremes, resulting a diminishing marginal rate of substitution.
Answer the following statement true (T) or false (F)
Economics