When a total output curve is falling, its corresponding marginal product curve is:
a. vertical.
b. horizontal.
c. rising.
d. falling.
d
Economics
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Which of the following leads to the demanders paying all of a tax?
A) The supply is unit elastic. B) The supply is perfectly inelastic. C) The demand is perfectly elastic. D) The demand is perfectly inelastic.
Economics
"Marginal cost eventually increases because of the law of diminishing returns." True or false? Explain
What will be an ideal response?
Economics