If an increase in quantity demanded of a product reduces the quantity demanded of another, then the two goods are said to be substitutes

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

True

Economics

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The output at which average variable cost is a minimum is ________ than the output at which ________ is a minimum

A) the same as; average total cost B) the same as; marginal cost C) less than; average total cost D) less than; marginal cost

Economics

In economics, technology only refers to the development of new products

Indicate whether the statement is true or false

Economics