Marginal, average, and total figures are bound together. If any two are known, the third can be calculated

a. True
b. False
Indicate whether the statement is true or false

True

Economics

You might also like to view...

What are the two tools of fiscal policy that governments can use to stabilize an economy?

A) taxation and controlling exports B) government spending and taxation C) government spending and technology improvements D) taxation and controlling imports

Economics

After years of hard work in the field of macroeconomics, you win the Nobel Prize in economics (currently about $1.5 million). What is the most likely effect of this prize on your consumption function?

a. It will shift downward temporarily. b. It will shift upward temporarily. c. It will shift downward permanently. d. It will shift upward permanently. e. none of the above

Economics