An optimal level of output is one at which marginal profit > 0.
Answer the following statement true (T) or false (F)
False
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It has been claimed that foreign governments have attempted to influence votes in the U.S. that would promote policies of protectionism within the U.S
On the surface this appears to be totally illogical and counter intuitive, as this would presumably lessen the possibilities of foreigners' exports to the U.S.
The U.S. system of national income accounts was started in the
a. late 1800s to measure the effects of rapid industrialization b. mid-1910s to measure the effects of World War I on the economy c. early 1930s to keep track of national income and output d. early 1940s to keep track of output during World War II e. early 1950s to measure changes in post-World War II output and income
Based on the demand and marginal revenue curves for the monopolist, ______.
a. marginal and average revenue are the same thing
b. marginal and average revenue drop at the same rate
c. average revenue drops faster than marginal revenue
d. marginal revenue drops faster than average revenue
Marginal physical product of the first worker is 100, 120 for the second, 80 for the third, 30 for the fourth, 5 for the fifth, 3 for the sixth, 2 for the seventh, 1 for the eighth, and 0 for the ninth. What is total product for the fifth worker and the ninth worker respectively?
A. 335; 0 B. 335; 341 C. 0; 5 D. 5; 0