Managers undertake an investment only if
A) Marginal benefits of the investment are greater than zero
B) Marginal costs of the investment are less than marginal benefits of the investment
C) Marginal benefits are greater than marginal costs
D) Investment decisions do not depend on marginal analysis
Correct Answer:
Verified
Q1: Use the following to answer question
Q6: Total cost divided by the total number
Q7: The level of an economic activity should
Q9: ?If AVC=$15 and AFC=$10,then ATC=
A)$10
B)$5
C)$15
D)$25
Q10: According to the law of diminishing returns,
A)Some
Q12: Use the following to answer questions 4-8:
Q13: If a firm produces 10 units,TC=$100.When the
Q15: If AVC=$5 and AFC=15,then ATC=
A)$10
B)$5
C)$15
D)$20
Q17: Total costs increase from $1,500 to $1,800
Q18: Total costs increase from $1,500 to $1,800
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