A negative value for the marginal physical product would indicate that

A) the company has not yet reached the point of saturation.
B) total output increased by a significant amount.
C) total output decreased when the extra unit of the variable input was added.
D) total output increased, but the increase was very small.


Answer: C

Economics

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A) demand; rightward B) demand; leftward C) supply; rightward D) supply; leftward

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Corporate profits are taxed twice because

A) taxes are collected on profits before profits are distributed to shareholders. B) the government wants to minimize the amount of tax paid on capital gains. C) it is economically efficient to reduce the amount of retained earnings. D) capital gains are not indexed to the rate of inflation.

Economics

If a price ceiling is a binding constraint on a market, then

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Economics

A financial asset is liquid:

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Economics