Author Question: Which of the following relationships is NOT valid? A) Rising marginal cost implies that average ... (Read 31 times)

burton19126

  • Hero Member
  • *****
  • Posts: 532
Which of the following relationships is NOT valid?
 
  A) Rising marginal cost implies that average total cost is also rising.
  B) When marginal cost is below average total cost, the latter is falling.
  C) When marginal cost is above average variable cost, AVC is rising.
  D) none of the above

Question 2

When government intervenes in a competitive market by imposing an effective price ceiling, we would expect the quantity supplied to ________ and the quantity demanded to ________.
 
  A) fall; rise
  B) fall; fall
  C) rise; rise
  D) rise; fall



lkanara2

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Everyone has one nostril that is larger than the other.

For a complete list of videos, visit our video library