If marginal costs rises above average costs, average costs must
a. Be increasing
b. Be decreasing
c. Stay constant
d. None of the above
a
Economics
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If the amount you owe on your house is less than the price of the house, you have
A) positive equity in your house. B) an adjustable-rate mortgage on your house. C) a reverse mortgage on your house. D) negative equity in your house.
Economics
Real interest rates were negative during most of the
A) 1960s. B) 1970s. C) 1980s. D) 1990s.
Economics