Based on the production data for Pat's Pizza Parlor in the above table, which of the following pair of workers have the same average product?
A) 1 and 2
B) 2 and 4
C) 1 and 5
D) 2 and 5
C
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The circular flow model shows that consumer goods and services produced by business firms are sold in the
A) goods market. B) factor market. C) labor market. D) financial market.
What revived the United States' economy out of the Depression in the early 1940s?
A. the New Deal B. a tax cut C. spending on the war D. suburbanization
In the real world, price discrimination is more difficult because:
A. to perfectly discriminate, the firm must read people's minds to know their willingness to pay. B. it is difficult to identify and verify different groups. C. it can be challenging to prevent the resale of goods from one group to another. D. All of these statements are true.
If the investment demand curve shifts to the left, then
A. The AD curve will shift to the left. B. The AD curve will not be affected. C. There will be upward movement along the AD curve. D. The AD curve will shift to the right.