If the Law of Diminishing Marginal Productivity Holds True, Both

question 106

True/False

If the law of diminishing marginal productivity holds true, both average total cost and marginal cost must diminish as output increases.

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Present Value

Today's monetary value of anticipated future money sums or cash inflow sequences, based on a predetermined rate of return.

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Bonds that do not pay interest during their lifetime and are instead issued at a discount to their face value, which is paid at maturity.

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The income return on an investment, such as the interest or dividends received, often expressed as an annual percentage based on the investment's cost, its current market value, or its face value.