If marginal cost is less than average total cost, then ________ ...

[Yolanda]

If marginal cost is less than average total cost, then ________ is ________.
 
  A) average total cost; falling
  B) average variable cost; falling
  C) marginal cost; falling
  D) marginal cost; rising

Question 2

International data supports the quantity theory of money conclusion that high money growth rates are associated with inflation.
 
  Indicate whether the statement is true or false

[canderson530]

Answer to Question 1

A

Answer to Question 2

TRUE

[Yolanda]

Thanks for the timely response, appreciate it

[tanna.moeller]

Excellent