The productivity of workers can depend upon which of the following?
A. Human capital
B. Technology
C. Natural resources
D. All of these are determinants of productivity.
Answer: D
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Specialization leads to
a. increases in production because labor uses more advanced technology b. decreases in production because each resource becomes less productive c. increases in production because more resources are being used d. increases in production because each resource becomes more productive e. increases in production because capital is more productive than labor
Refer to the information provided in Figure 7.6 below to answer the question(s) that follow. 
Figure 7.6Refer to Figure 7.6. If the price of capital is $20 and the price of labor is $10, the optimal product technique is
A. A. B. B. C. C. D. D.
Engineers for The All-Terrain Bike Company have determined that a 15% increase in all inputs will cause a 15% increase in output. Assuming that input prices remain constant, you correctly deduce that such a change will cause ________ as output increases.
A. average costs to remain constant B. average costs to increase C. average costs to decrease D. marginal costs to increase
Refer to the information provided in Figure 1.3 below to answer the question(s) that follow.
Figure 1.3Refer to Figure 1.3. At Point A the slope of the line is 3, so at Point D the slope would be
A. less than 3. B. greater than 3. C. equal to 3. D. indeterminate from this information.