The additional revenue obtained by selling the output produced by one more unit of a resource is its
A. marginal physical product.
B. marginal revenue product.
C. final demand.
D. average revenue product.
B. marginal revenue product.
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A rise in interest rates will increase your incentive to
A) save more, borrow less, and pay off credit card debt. B) consume now, borrow more, and save later. C) buy more things on credit and postpone savings. D) borrow money to buy a new car.
One advantage of a proprietorship is that
A. there are limits to the possible liabilities of the owner. B. a proprietorship is relatively easy to form and to dissolve. C. it is relatively easy to raise financial capital for a proprietorship. D. depreciation rates on capital are higher.
The marginal-utility-to-price ratio tells us that if the price of a good falls, then, ceteris paribus
a. its marginal-utility-to-price ratio falls b. its marginal-utility-to-price ratio rises c. its marginal utility falls d. its marginal utility rises e. consumers buy less of the good
Child labor is a widespread problem that applies primarily to children
(a) between the ages of 5 and 14. (b) between the ages of 10 and 14. (c) between the ages of 12 and 14. (d) between the ages of 12 and 16.