Marginal product equals 0 when:
A) average product equals zero.
B) total product equals average product.
C) average product reached its minimum value.
D) total product reaches its maximum value.
D
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In recent years, Japan's capital stock has increased by about 6 percent from one year to the next. As a result, we would expect
A) a leftward shift in Japan's aggregate demand curve. B) a movement up along Japan's short-run aggregate supply curve. C) only Japan's long-run aggregate supply curve to shift rightward. D) rightward shifts in both Japan's short-run aggregate supply and long-run aggregate supply curves.
Often managers require a payment due to their risk aversion. This payment is called
A) a golden parachute. B) greenmail. C) a poison pill. D) rollover compensation
Over the past several decades in the United States, the labor-force participation rate of women has increased and the labor-force participation rate of men had decreased
a. True b. False Indicate whether the statement is true or false
Which of the following is a case of asymmetric information:
A. Neither you nor the insurance company has perfect information about whether a flood will occur. B. The buyer and seller of a used car don't know how long the car will operate. C. A provider of health insurance does not know whether a specific client is a smoker or not. D. None of the above are examples of asymmetric information.