An increase in the productivity of a factor of production will
A. shift its marginal revenue product curve to the left.
B. cause a firm to move up the marginal revenue product curve.
C. cause a firm to move down the marginal revenue product curve.
D. shift its marginal revenue product curve to the right.
Answer: D
You might also like to view...
In 2012, which of the following countries had the highest share of consumption spending in GDP?
A) the United States B) France C) Germany D) China
An example of tax smoothing is provided by evidence of
A) temporary changes in defense expenditures by the government. B) reductions in tax rates prior to presidential elections. C) Keynesian tax cuts designed to help the economy recover from a recession. D) reliance on debt financing rather than taxation during World War II.
Which of the following is an example of detrimental externality?
a. A trailer's entry onto an overcrowded road that delays the movement of other vehicles. b. Fall in demand for gasoline in the US softens the price of gasoline in the global market. c. Government investment in energy generation from non-conventional sources. d. Society devotes huge quantity of its scarce resources for vital innovative activity.
A tax on sellers reduces the size of a market
a. True b. False Indicate whether the statement is true or false