If a firm is experiencing diminishing marginal returns, its marginal product is declining
a. True
b. False
A
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How have government policies and programs affected the volatility of the business cycle in the United States since 1950? Explain and provide at least two specific examples of policies or programs that may have had an impact
What will be an ideal response?
Unions typically ____ deregulation because it generally makes pricing ____ competitive.
A. oppose; more B. oppose; less C. support; more D. support; less
Factor-price equalization theory predicts that with free trade the input prices within a country will become the same.
Answer the following statement true (T) or false (F)
(Last Word) The greater the leverage in the financial system, all else equal:
A. the smaller the monetary multiplier. B. the smaller the profit and loss margins of financial firms. C. the greater the stability of the financial system. D. the greater the instability of the financial system.