If marginal product is equal to average product, then total product is at a maximum
Indicate whether the statement is true or false
FALSE
Economics
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As information technology improves, the lending role of financial institutions such as banks should
A) increase somewhat. B) decrease. C) stay the same. D) increase significantly.
Economics
Normative economics is
a. an event is explained according to the laws of economics. b. an explanation of the way things ought to be, the explanation involves a value judgement on the part of someone. c. the study of foreign countries. d. the study of our banking system.
Economics