The productivity growth rates of poorer countries tend to be ____ than those of richer countries
a. higher
b. lower
c. increasing slower
d. decreasing faster
a
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Define the following terms. Give a complete and precise definition in one sentence. a. total utility b. marginal utility c. consumer’s surplus d. “law” of demand
What will be an ideal response?
In the figure above, what is Gap's markup?
A) $50 B) $15 C) $35 D) zero
Hannah runs a manicuring shop. Currently, her shop provides 50 manicures per day, and the shop's daily total cost (TC) is $600. If Hannah decides to provide 25 more manicures per day, the total cost will rise by $75 per day. If Hannah does decide to increase production by this much, what will the shop's daily average total cost (ATC) be?
a. $12.00 b. $3.00 c. $8.00 d. $9.00 e. $13.50
A fishery is typically identified by:
A. location and size. B. location and species. C. species and size. D. species and market value.