National defense made up the largest portion of federal expenditures in 2009.
Answer the following statement true (T) or false (F)
False
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"As you devote more hours to studying, your GPA increases." A graph of this relationship would show
A) a positive relationship. B) a direct relationship. C) an inverse relationship. D) Both answers A and B are correct.
The law of increasing additional cost exists because
A) resources are not perfectly adaptable to both production processes. B) the demand for the product increases. C) the cost of resources of the products increase. D) the cost of resources of the products decrease.
When using the traditional command-and-control approach to environmental regulation, the government attempts to:
a. set a minimum requirement and then allows the firm to determine the most efficient method for achieving this requirement. b. determine the most efficient method for different industries. c. make allowances for differences across industries and between firms. d. set standards that are applicable to all situations and does not recognize unique circumstances.
Refer to the below table. What is the marginal revenue product of the fifth worker?
A. $160
B. $400
C. -$800
D. $2