Increasing marginal cost is associated with:
a. decreasing marginal product.
b. increasing marginal product.
c. decreasing average product.
d. increasing total product.
a
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Lizzie's budget line is shown in the figure above. If Lizzie's income is $20, which of the following formulas represents her budget equation?
A) QC = 20 + QM B) QC = 20 - QM C) QC = -20 + 2 QM D) QC = 20 - 2QM
Which statement is most accurate about social indicators in the US between 1950 and 1980?
a. The divorce rate doubled. b. The suicide rate rose sharply. c. The murder rate remained relatively constant. d. The birth rate for unmarried women remained relatively constant.
If the earnings report of a firm indicates higher earnings than was expected by the investors:
a. the stock prices of the firm will decline. b. the price of the product produced by this firm will decline. c. the price of the product produced by this firm will rise. d. the firm will spend more on advertising. e. the stock prices of this firm will increase.
Which of the following countries has the most economic freedom?
a. Venezuela b. Zimbabwe c. Hong Kong d. Cuba