Author Question: If average cost is decreasing A) marginal cost equals average cost. B) marginal cost exceeds ... (Read 437 times)

tnt_battle · **on:** Jul 1, 2018

If average cost is decreasing

A) marginal cost equals average cost.
B) marginal cost exceeds average cost.
C) marginal cost is less than average cost.
D) Not enough information is given.

Question 2

If you place 100 in a bank account that pays 6 at the end of each year, and you leave your 100 and all your interest in the bank, how much will you have in the bank at the end of seven years with annual compounding?

A) (106)7.
B) 7 (106).
C) 100 (1.60)7.
D) 100 (1.06)7.