Using the above table, when Jefferson's Cleaners hires three workers
A) the average product of labor is greater than the marginal product.
B) the marginal product of labor is greater than the average product.
C) it has already experienced diminishing marginal returns.
D) Both answers A and C are correct.
B
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Full integration would lower the effective tax rate on capital and, therefore, lead to increased saving.
A. True B. False C. Uncertain
What is educational inequality and how is it measured? Why is it important to measure the degree of educational inequality in a country? Explain your answer
What will be an ideal response?
A concentration ratio
a. measures the percentage of total sales of the top firm in the industry. b. reflects the level of competition in an industry. c. is inversely related to the price charged by the top firm in the industry. d. All of the above are correct.
A set of actions that a firm takes to achieve a goal is the definition of a
A) business plan. B) business strategy. C) business prospectus. D) business goal.