The MEC increases when:

Related MCQs

• MEC for a capital good was found out to be 10% and the market rate of interest is 9%, then the investment is
• MEC is directly related to
• MEC is inversely related to:
• The reason the marginal cost curve eventually increases as output increases for the typical firm is because:
• As the value of MPC increases, the value of multiplier:
• The phenomenon of increase in money wages that leads to increases in unemployment is shown by:
• If all resources used in the production of a product are increased by 20 percent and output increases by 20 percent, then there must be:
• Whenever average product is declining, with increases in input usage,
• Other things remaining the same, the quantity of a product demanded increases with ----- in price.