A short-run production function was estimated asQ = ?0.002L3 + 0.16L2At 60 units of labor, what is marginal product?
A. -2.4
B. 1.2
C. 4.1
D. 2.4
E. 6.3
Answer: A
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Axis Group has a publishing house, operates in the sports gear market, and owns a coffee plantation. A board of directors is responsible for the overall performance of the group. Fabrics Inc, on the other hand specializes in women's apparel. Which of the following statements will be true?
a. Decision-making at Axis will be more decentralized in comparison to Fabrics, Inc. b. Many decisions at Fabrics is likely to be made at lower levels. c. Individuals at higher levels at Fabrics are less likely to have all of the knowledge that exists at lower levels. d. Information transfer within Axis Group will be easier as compared to Fabrics, Inc.
According to the hypothesis, when did structural stagnation begin?
A. The mid-1990s B. The mid-1970s C. The mid-1980s D. The mid-1960s
Households receive their income in the circular flow diagram by
A. selling the goods they produce at home. B. selling resources they own to business firms. C. obtaining dividends and interest payments. D. selling the use of their property.
The covered interest differential is ________ the sum of the forward premium on a currency and the interest rate differential.
A. less than B. exactly equal to C. more than D. approximately equal to