Diminishing marginal returns lead to diminishing returns
A) when marginal returns fall but remain positive.
B) only in theory.
C) when marginal returns become negative.
D) when labor exceeds capital.
C
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Which of the following would cause an increase in the supply of peanut butter?
A) a decrease in the price of grape jelly (assuming that peanut butter and grape jelly are complements) B) an increase in the price of peanut butter C) an increase in the number of firms that produce peanut butter D) an increase the price of a product that producers sell instead of peanut butter
If the economy is currently experiencing a high unemployment rate, the greatest cost is
a. extra government spending b. rewarding those who do not work but collect government benefits c. lost output d. the cost of job searching e. the extra cost of funding job fairs
If the price was $6, her consumer surplus would be
Demand and Utility Schedules for Packs of Star Wars Trading Cards
A. $40.
B. $30.
C. $10.
D. $6.
A key point made by the Gordon-Growth model is that the
A) value of a stock depends on investor's expectations about the future profitability of a firm. B) past trends in a stock's behavior indicate future price trends. C) dividends have little to do with a stock's value. D) risk has little effect on a stock's value.