The above table shows the short-run total product schedule for the campus book store. With which employee do diminishing marginal returns set in?
A) the 9th employee
B) the 6th employee
C) the 5th employee
D) the 2nd employee
C
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Which of the following is false?
a. Tangible goods are inherently more valuable than intangible goods. b. Scarcity forces people to compete c. The elimination of a bad can be considered a good. d. None of the above is false; all are true.
If the exchange rate, dollars per euro, is above its equilibrium level, it will heighten the possibility that France will experience a trade deficit
Indicate whether the statement is true or false
The word economics is derived from the Greek word Oeconomicus, which refers to the management of ______.
a. household affairs b. money c. resources d. political affairs
The addition of imports reduces the value of the multiplier.
Answer the following statement true (T) or false (F)