In economic theory, if an additional worker adds less to the total output than previous workers hired, it is because

A) there may be less that this person can do, given the fixed capacity of the firm.
B) he/she is less skilled than the previously hired workers.
C) everyone is getting in each other's way.
D) the firm is experiencing diminishing returns to scale.


A

Economics

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When demand is elastic, a fall in price causes total revenue to rise because

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An example of a good or service that would not count in the U.S. GDP would be:

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Critics of inflation targeting will argue that central banks need flexibility

a. True b. False Indicate whether the statement is true or false

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