Which of the following reflects the correct relationship between average total cost (ATC) and marginal cost (MC)?
a. When MC > ATC; ATC is falling.
b. When ATC is minimum; ATC < MC.
c. When MC < ATC; ATC is falling.
d. When MC < ATC; ATC is constant.
e. When ATC < MC; MC is falling.
c
Economics
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The marginal cost to society of reducing pollution increases with the increased use of pollution abatement because
A) of the diminishing marginal utility of abatement. B) of the reduced demand for abatement. C) of the diminishing returns from abatement. D) of the high cost of abatement.
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When the discount rates fall, the cost:
a. of loans to bankers' best customers goes down. b. of loans between banks falls. c. of international loans falls. d. to banks of borrowing from the Fed falls. e. to savings and loans of borrowing money from the public falls.
Economics