Examlex

Solved

The Shape of the Marginal Cost Curve Is the Mirror

question 212

Multiple Choice

The shape of the marginal cost curve is the mirror image of the shape of the _____ curve.


Definitions:

Private Saving

The portion of households' income that is not consumed or paid in taxes, and is instead saved.

Investment

The action of allocating resources, usually money, with the expectation of generating an income or profit, often through the purchase of assets that are expected to increase in value.

Private Saving

The portion of individual or household income that is not consumed or taxed, often saved or invested for future use.

National Saving

The total of private and public savings in a country, representing the portion of national income not consumed or spent by the government.

Related Questions