If producing just one more tube of toothpaste makes Crest's average total cost fall, the marginal cost of that tube of toothpaste is
a. less than one
b. greater than the average total cost of the previous tubes
c. greater than the average variable cost of the previous tubes
d. less than the average total cost of the previous tubes
e. less than the marginal cost of the previous tube
D
Economics
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"If the inflation rate is positive, then the real interest rate is greater than the nominal interest rate." Is the previous statement correct or incorrect? Explain your answer
What will be an ideal response?
Economics
Tom and Jerry are the only members of society. The table above shows their marginal benefits from defense satellites, a public good. If the marginal social cost of a satellite is $95, the efficient quantity of satellites is
A) 0. B) 1. C) 2. D) 3.
Economics