If total revenue falls as more output is produced,
a. marginal revenue is negative
b. marginal revenue is positive
c. marginal cost is negative
d. average revenue is negative
e. total costs exceed total revenue
A
Economics
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A reduction in national savings will
a. increase foreign capital flows into the country. b. reduce domestic investment. c. reduce domestic interest rates. d. both a and b. e. none of the above.
Economics
The best test of an economic theory is: a. the rigor of its mathematical formulation. b. its ability to explain and predict
c. the accuracy of its assumptions. d. the level of real-world detail it captures.
Economics