As output rises,
A. AFC rises.
B. AFC falls.
C. AFC remains the same.
D. there is no way of determining what happens to AFC.
B. AFC falls.
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A ______ economy is an economy in which the government uses central planning to coordinate most economic activities
a. traditional b. command c. mixed d. market
The Secretary of Labor states that wage rates in the country have risen by 2 percent this past year. The head of a local labor union states that wage gains have not kept pace with the 3 percent rate of inflation. The Secretary's statement is a (n) ____ economic statement, and the labor head's statement is a (n) ____ economic statement.
A. normative; normative B. normative; positive C. positive; normative D. positive; positive
Greater labor productivity means
A. Lower output per labor-hour. B. Higher output per worker. C. Higher labor cost per unit of output. D. Lower output per worker.
This marketing approach assumes your product or service has broad appeal. There are no differences in your consumer market.
Mass Concenration Multisegment All of the these