________ marginal returns implies ________ marginal costs.
A. Increasing; increasing
B. Increasing; constant
C. Diminishing; decreasing
D. Diminishing; increasing
Answer: D
Economics
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The unemployment rate can increase when
A) the proportion of 18-22 year olds that go to college increases. B) the number of unemployed workers increases. C) the number of job finders increases. D) the size of the military increases.
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If a firm produces 8 units of output with average fixed cost=$40 and average variable cost=$25, what is its average cost?
a. $100 b. $20 c. $65 d. $32
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