The marginal product is the incremental change in total output that can be obtained from the use of one more unit of an input in the production process, while varying all other inputs
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following statements is most accurate about women's involvement in the labor force?
a. Over half of the women who entered the labor force between 1940 and 1944 had dropped out by 1950. b. Between 1940 and 1950 the number of women employed in the labor force dropped. c. After World War II, the supply of young married women available to work increased. d. Women made their largest gains in employment in the service and agricultural sectors.
Price discrimination is
a. The practice of charging different prices to different individual buyers or customer groups b. The practice of differentiating the product to make demand less elastic c. The practice of deciding a single price to be charged to customers d. Always illegal
Stockholders receive returns on their financial investment in the form of ________ and ________.
A. coupon payments; capital gains B. interest payments; dividends C. capital gains; interest payments D. capital gains; dividends
The marginal cost curve
A) shows the maximum price that a producer must receive to induce it to produce a unit of a good or service. B) shows the minimum price sellers must receive to produce a unit of a good or service. C) is the same as the demand curve. D) shows what buyers are willing to give up to get one more unit of a good or service.