The slope of an isoquant tells us
A) how much output increases when both inputs are increased.
B) the increase in MPL when capital increases.
C) the decrease in capital necessary to keep output constant when labor increases by one unit.
D) the decrease in capital necessary to keep MPL constant when labor increases by one unit.
C
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Which of the following is LEAST likely to be able to regularly engage in price discrimination?
A) a farmer B) an airline C) a university D) a producer of copyrighted computer software
Which of the following statements is false?
A) Domestic income is the total income earned by the people and businesses within a country's borders. B) National income is the total income earned by U.S. citizens and businesses, no matter where they reside or are located. C) Corporate profits is the largest component of national income. D) National income = compensation of employees + proprietors' income + corporate profits + rental income + net interest.
Competition reduces some but not all discrimination. Where can one expect competition to reduce discrimination, and where is discrimination likely to go on even if there is competition?
What will be an ideal response?
The higher the reserve requirement, the lower the money multiplier.
Answer the following statement true (T) or false (F)