Suppose the only leakages are savings and taxes. The tax rate is 0.2 and the multiplier is 1.92. These values imply that the marginal propensity to consume is

When the average physical product is rising

A) total cost is falling. B) average total cost is increasing. C) average variable cost is falling. D) marginal cost is always rising.

The marginal revenue curve for a monopolist is always below the demand curve.

Answer the following statement true (T) or false (F)