If average product is decreasing, then marginal product
a. Must be increasing
b. Must be greater than average product
c. Must be less than average product
d. None of the above
c
Economics
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________ should be considered when conducting a cost-benefit analysis
A) Total costs and total benefits B) Only marginal costs and marginal benefits C) Only implicit costs and implicit benefits D) All costs and all benefits
Economics
Unlike cyclical unemployment, both frictional and structural unemployment rise during recessions and fall during expansions
Indicate whether the statement is true or false
Economics