Marx's notion that societies go through inevitable stages of evolution is called:
a. Surplus value
b. Dialectical materialism
c. The socialist revolution
d. Primitive capitalist accumulation
e. All of the above
B
You might also like to view...
A function that indicates the maximum output per unit of time that a firm can produce, for every combination of inputs with a given technology, is called
A) an isoquant. B) a production possibility curve. C) a production function. D) an isocost function.
Jeff owns a garage and has 3 mechanics to help him. With the tools used being fixed in the short run, his production function is given by 5 + 2L = Y , where L is the number of mechanics and Y is the number of cars they can fix. If Jeff hires a fourth mechanic, what will be the marginal product of the new mechanic hired?
a. 11 b. 13 c. 2 d. 7
The price elasticity of supply of tomatoes on the market day is zero
Indicate whether the statement is true or false
Cross-subsidizationimplies that a loss from one product’s sales will be made up by the profit from another product’s sales.
Answer the following statement true (T) or false (F)