In a competitive constant-cost industry, an increase in consumer demand leads to
a. a decrease in output
b. high interest rates
c. an increase in output
d. inflation
e. a decrease in resource employment
C
Economics
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If Q = K1/3L2 the MPK is
a. constant b. diminishing c. increasing
Economics
Profit per unit can be expressed as price ? cost per unit.
Answer the following statement true (T) or false (F)
Economics
In the figure above, what can you deduce about the slope of the curve?
What will be an ideal response?
Economics
All of the following are sources of loanable funds EXCEPT
A) business investment. B) private saving. C) government budget surplus. D) international borrowing.
Economics