If a firm's marginal cost exceeds its average cost, then its average cost must be rising
a. True
b. False
Indicate whether the statement is true or false
True
Economics
You might also like to view...
Which of the following factors contribute to economic growth?
a. the construction of new factories b. an increase in the proportion of the population that is college-educated c. a decrease in the productivity of labor d. only (a) and (b).
Economics
Crowding out is the offsetting effect on private expenditures caused by the government's sale of bonds to finance expansionary fiscal policy.
Answer the following statement true (T) or false (F)
Economics