When marginal product is rising, marginal costs will:
a. rising
b. remaining unchanged.
c. falling.
d. rising by an equal amount.
c
Economics
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Average cost
A. is always larger than marginal cost. B. declines for some range of output, hits a minimum, and then increases. C. is always smaller than marginal cost. D. is total cost/price of the product.
Economics
If the United States sells computers to Russia, and uses the proceeds to buy shares of stock in Russian companies, the U.S. trade balance ________ and the U.S. financial account balance ________.
A. rises; falls B. falls; rises C. falls; falls D. rises; rises
Economics