The firm's short-run marginal-cost curve is increasing when:
A. Marginal product is increasing
B. Marginal product is decreasing
C. Total fixed cost is increasing
D. Average fixed cost is decreasing
B. Marginal product is decreasing
You might also like to view...
The analysis of the competition between Apple and Samsung in the smartphone market is based on
A) microeconomic model. B) educated guessing. C) intuitive reasoning. D) consumer surveys.
The nominal exchange rate:
A. expresses the value of goods in one country in terms of the same goods in another country. B. is the stated rate at which one country's currency can be traded for another country's goods and services. C. is the stated rate at which one country's currency can be traded for another country's currency. D. expresses the value of goods in one country in terms of another country's currency.