Suppose a manager of a company is told by his staff that marginal productivity has risen above the average productivity over the last six months of operation
What can this manager conclude is happening to the overall average productivity of the company? Explain.
The average productivity must also be rising. The reason is that if marginal productivity has risen above the average productivity this will simply pull up the average.
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The indifference curves in the figure above (I1, I2, and I3 ) reflect Peter's consumption preferences
If Peter consumes 24 slices of pizza and 24 chocolate bars per month, he as satisfied as he would be consuming ________ slices of pizza and ________ chocolate bars per month. A) 48; 12 B) 40; 20 C) 32; 8 D) 16; 16
As market integration and symmetry between the nations' economies rise, the:
A) net benefits of a currency union fall. B) OCA becomes less desirable for each nation. C) political costs of a currency union rise. D) net benefits of a currency union rise.
One of the agencies responsible for enforcement of antitrust policy is
A. the Trust Division of Congress. B. the Food and Drug Administration. C. the Federal Trade Commission. D. the World Trade Organization.
Which of the following scenarios does not illustrate a long-run adjustment?
A) A local Starbucks hires two new employees. B) Three firms leave the retail clothing industry. C) Ten new vineyards are opened in the U.S. D) Honda Jet builds a new assembly plant in Greensboro, NC.