In the Short Run Where Total Variable Cost Is ________

question 76

Multiple Choice

In the short run where total variable cost is ________ at a(n) ________ rate, marginal cost is positive and increasing.

• A) increasing; increasing
• B) increasing; decreasing
• C) decreasing; increasing
• D) decreasing; decreasing

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Definitions:

Speculators

Investors who engage in the buying and selling of financial instruments, commodities, or other assets with the aim of making profits from short-term price fluctuations.

Risks

Pertains to the potential for losses or other adverse outcomes arising from uncertainties in decision-making or future events.

Floating Exchange Rate

A currency system that allows the value of a currency to fluctuate according to the foreign exchange market.

Market Forces

The economic factors affecting the price and availability of goods and services, including supply and demand.