As we use more and more units of a resource, the MRP
A. rises sharply.
B. rises slowly.
C. remains the same.
D. declines.
D. declines.
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Refer to the scenario above. If they are the only bidders in the auction, Tom will no longer bid when bidding reaches ________
A) $200 B) $210 C) $350 D) $500
Which of the following is a likely reason for wage inequality between men and women?
A) Men generally tend to have higher education qualifications than women. B) Women generally tend to have higher educational qualifications than men. C) Men tend to spend more time out of the labor force as compared to women. D) Women tend to spend more time out of the labor force as compared to men.
The long-run average total cost curve is less u-shaped than the short-run average total cost curve
a. True b. False Indicate whether the statement is true or false
In politics a special interest group is describes as which of the following?
a. large relative to size of nation and only interested in the needs of big business b. small relative to size of nation and only interested in the environment c. small relative to size of nation, well-organized and focused on a specific interest d. large relative to size of nation, disorganized and focused on a specific interest