The true cost of borrowing is the nominal interest rate

Inflation measures the increase in the quantity of goods and services produced from each hour of a worker's time

a. True b. False Indicate whether the statement is true or false

?Marginal cost eventually increases as output increases due to the effect of _____.

a. ?constant fixed cost b. ?economies of scale c. ?increasing total cost d. ?diminishing marginal product of inputs e. ?increasing average cost