Which of the following statements is true?
A) The marginal cost curve intersects the average fixed cost curve at its minimum point.
B) When marginal cost is greater than average fixed cost, average fixed cost increases.
C) Average fixed cost does not change as output increases.
D) As output increases, average fixed cost becomes smaller and smaller.
D
Economics
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A change in the level of an economic activity is desirable and should be undertaken as long as the marginal benefits exceed the ____
a. marginal returns b. total costs c. marginal costs d. average costs e. average benefits
Economics
The current private sector unionization rate in the United States is closest to
A. 25.7 percent. B. 12.4 percent. C. 6.4 percent. D. 19.3 percent.
Economics