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Author Question: If a country has absolute advantage in the production of all goods, then it will have no incentive ... (Read 46 times)

Sufayan.ah

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on: Jun 30, 2018
If a country has absolute advantage in the production of all goods, then it will have no incentive to trade.
  Indicate whether the statement is true or false

Question 2

Which of the following reflects the correct relationship between average total cost (ATC) and marginal cost (MC)?
 a. When MC > ATC; ATC is falling.
  b. When ATC is minimum; ATC < MC.
  c. When MC < ATC; ATC is falling.
  d. When MC < ATC; ATC is constant.
  e. When ATC < MC; MC is falling.


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potomatos

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Reply #1 on: Jun 30, 2018
Answer to Question 1

F

Answer to Question 2

c


Sufayan.ah

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Reply #2 on: Jun 30, 2018
Thank you :)


potomatos

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Reply #3 on: Jun 30, 2018
Happy to help you


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