In this graph, which of the following has an upward-sloping curve?
a. MC
b. D
c. MR
d. P*
a. MC
You might also like to view...
At point d in the above figure, the average product of labor equals
A) 15. B) 4. C) 3.75. D) approximately 1.
A falling dollar makes U.S. goods
A) more expensive abroad and increases the volume of U.S. exports. B) less expensive abroad and increases the volume of U.S. exports. C) less expensive abroad and decreases the volume of U.S. exports. D) more expensive abroad and decreases the volume of U.S. exports.
Implicit cost involves a direct cash payment for the use of a resource
a. True b. False
If there was an increase in technology other things equal, real GDP growth would ____ and real GDP growth per capita would ____. a. increase; increase
b. increase; be indeterminate. c. decrease; decrease. d. decrease; be indeterminate