Given the table below, diminishing returns begin with the
A. 5th worker.
B. 16th worker.
C. 1st worker.
D. 11th worker.
E. 10th worker.
Answer: D
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The demand for labor depends on I. technology. II. the prices of other factors of production. III. the price of the product
A) I and II B) II and III C) I and III D) I, II and III
A sole proprietorship with unlimited liability and full control over daily operations is one form of business ownership
Indicate whether the statement is true or false
Explain the source of monopoly power for DeBeers' Diamond Mine in South Africa, Microsoft (owned by Bill Gates), the American Medical Association (which licenses doctors), Polaroid's Instant Picture Cameras, USAir (which owns virtually all the gates at the airport in Charlotte, North Carolina), and electric utilities
Which of the following statements is true?
A. Current account balance = -(capital account balance). B. A country's balance on current account equals its balance on capital account. C. If the market for a nation's currency is in equilibrium, a capital account surplus necessarily means a current account surplus. D. Capital accounts and current accounts balances are determined by governments.