Author Question: In the short run, if a firm's total product is increasing: a. its marginal product must be ... (Read 37 times)

Mr3Hunna · **on:** Jun 30, 2018

In the short run, if a firm's total product is increasing:
a. its marginal product must be increasing.
b. its marginal product must be positive.
c. its marginal product could be increasing or decreasing.
d. both b. and c. are true.

Question 2

A decline in the interest rate will lead to an increase in the price of capital, supply of capital remaining constant.
a. True
b. False
Indicate whether the statement is true or false