At the point where total product is ________, marginal product is zero, but average product is still positive.
A. zero
B. negative
C. maximized
D. minimized
Answer: C
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Which of the following occurs if the expected profit increases?
A) Investment demand increases and the demand for loanable funds curve shifts rightward. B) The quantity of investment demanded decreases and there is a movement up along the demand for loanable funds curve. C) The quantity of investment demanded increases and there is a movement down along the demand for loanable funds curve. D) The savings increases and the supply of loanable funds curve shifts rightward. E) Investment demand decreases and the demand for loanable funds curve shifts leftward.
The cost of producing one more pizza is the
A) price. B) marginal benefit. C) marginal cost. D) producer surplus.
The theory of liquidity preference is most helpful in understanding
a. the wealth effect. b. the exchange-rate effect. c. the interest-rate effect. d. misperceptions theory.
Describe the channels through which open market purchases by the Fed affects output in an open economy
What will be an ideal response?