In the short run, the point at which diminishing marginal returns to labor begin is the point at which the marginal cost curve
A) peaks.
B) bottoms out.
C) is upward sloping.
D) is downward sloping.
B
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According to U.S.? GAAP, when should revenue be? recognized?
A. When the goods or services have been priced and offered for sale B. When cash is received from the customer C. When the service is performed or the goods have been delivered to the customer D. At the stated date in the contract
Assume that when the price of cantaloupes is $2.50 the demand for cantaloupes is unit-elastic, and that the demand curve for cantaloupes is linear and downward sloping. If firms lower the price of cantaloupes to $2.00 which of the following statements
can be made regarding the price elasticity of demand for cantaloupes? A) The demand for cantaloupes at $2.00 must be inelastic. B) We cannot determine whether the demand for cantaloupes is elastic or inelastic without knowing what the quantity demanded is at each price. C) The demand for cantaloupes at $2.00 must be elastic. D) The demand for cantaloupes at $2.00 must be unit elastic.
According to the cumulative investment table above:
A. $150 billion worth of investments have expected rates of return exactly equal to 20%
B. $150 billion worth of investments have expected rates of return of 20% or lower
C. $40 billion worth of investments have expected rates of return between 20% and 22%
D. $260 billion worth of investments have expected rates of return higher than 20%
The above figure shows a restaurant engaged in monopolistic competition with other restaurants. The equilibrium quantity at this restaurant is ________ meals per day
A) less than 150 B) between 151 and 250 C) between 251 and 350 D) between 451 and 450 E) more than 451