Author Question: If total cost increases as output increases, then: a. marginal cost must be equal to zero. b. ... (Read 53 times)

jeatrice · **on:** Jun 30, 2018

If total cost increases as output increases, then:
a. marginal cost must be equal to zero.
b. marginal cost must be positive.
c. marginal cost must be negative.
d. marginal cost must be increasing.

Question 2

The acronym NAVPS in the mutual fund table denotes:
a. the percentage change in the asset value of the mutual fund from the close of the previous day's trading.
b. the highest and lowest values that the mutual fund has experienced over the last one year.
c. the highest asset value at which the fund was sold during the past week.
d. the percentage change in the asset value of the mutual fund from the previous week.
e. the value of the mutual fund divided by the number of shares of the fund.