If the marginal product of an input is negative, the total product must also be negative
a. True
b. False
B
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The ratio of the burden of the tax borne by demanders to the burden born by suppliers will be equal to the sum of the absolute values of the slopes of the demand curve and the supply curve
a. True b. False
To minimize distortion and errors, it is best to ensure the shortest path between the source of the information and its user
Indicate whether the statement is true or false
Economic growth is only possible if the long-run aggregate ______ curve shifts to the ______.
A. supply; right B. supply; left C. demand; right D. demand; left
If the price of a good rises by 10 percent and quantity demanded falls by 20 percent, we can predict that
A. The company's total profit will rise. B. The company's total revenue will remain the same. C. The company's total revenue will increase. D. The company's total revenue will decrease.