Author Question: If average total cost is rising A) marginal cost is above average total cost. B) marginal cost is ... (Read 560 times)

BrownTown3 · **on:** Jun 30, 2018

If average total cost is rising
A) marginal cost is above average total cost.
B) marginal cost is rising.
C) marginal product is rising.
D) marginal cost is above average total cost and is falling.

Question 2

On the boundary of the utility possibility frontier, if the utility of one person increases, that of the other will decline.
Indicate whether the statement is true or false