If average cost is positive
A) marginal cost equals average cost.
B) marginal cost exceeds average cost.
C) marginal cost is less average cost.
D) Not enough information is given.
D
Economics
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The difference between asymmetric and symmetric shocks is that:
A) the former results in no conflicts in policy goals between countries. B) the latter results in policy conflicts between countries. C) the latter results in identical policies being implemented. D) the former is favored over the latter.
Economics
The law of diminishing marginal returns is the same as increasing returns to scale
a. True b. False Indicate whether the statement is true or false
Economics