The marginal productivity theory is irrelevant to organizing production in a socialist society.
Answer the following statement true (T) or false (F)
False
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A firm replaces a machine by hiring 3 hourly production workers instead. a. Both its fixed and variable costs will fall
b. Both its fixed and variable costs will rise. c. Its fixed costs will rise and its variable costs will fall. d. Its fixed costs will fall and its variable costs will rise.
A relationship between two variables in which one variable increases at the same time as the other decreases is called
A) nonlinear. B) constant. C) negative. D) direct.
An increase in the demand for the Brazilian real induces
A. a decrease in the supply of dollars. B. an increase in the demand for Brazilian goods. C. an increase in the dollar price of a real. D. an increase in the real price of a dollar.
Provide two examples of a government barrier to entry
What will be an ideal response?