When marginal costs are increasing:
A. a firm is experiencing diminishing returns.
B. average cost is always increasing.
C. average cost is always decreasing.
D. marginal costs are always greater than average costs.
Answer: A
Economics
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When the small home nation imposes a tariff of $10, the domestic price:
a. rises by more than $10. b. rises by $10. c. rises by less than $10. d. does not change.
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Southern slave owners were not rational people and did not strive to maximize profits through the use of the slave system of production
Indicate whether the statement is true or false
Economics