The marginal product of labor may increase rapidly initially as more
A. total product is decreasing.
B. workers will get crowded in a fixed factory.
C. workers are able to specialize.
D. the amount of other inputs is held constant.
Answer: C
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In the above figure, the relationship between x and y is
A) positive, with slope decreasing as x increases. B) negative, with slope decreasing as x increases. C) negative, with slope increasing as x increases. D) positive, with slope increasing as x increases.
See the information in Scenario 4.4. Does the demand curve for Rock and Roll Trivia slope downward?
A) Yes it does. B) No it does not. C) More information is needed to answer this question.
Firms that practice tacit collusion may receive some of the benefits of a cartel without explicitly organizing a group of firms.
Answer the following statement true (T) or false (F)
A system in which governments intervene in foreign exchange markets to limit but not eliminate exchange rate fluctuations is referred to as
A. Balance-of-payments exchange rates. B. Managed exchange rates. C. Speculative exchange rates. D. Marginal exchange rates.