When total product is rising
A) fixed cost must be rising.
B) marginal product must be positive.
C) variable cost must be declining.
D) marginal product must be negative.
Answer: B
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The transactions demand for money refers to
A) the demand to hold money for use in planned purchases. B) the demand to hold money as a long-term store of value. C) the desire for income. D) the desire for wealth.
The general rule to increase profits when two close complementary brands are jointly owned is
a. Increase prices for both brands b. Decrease prices for both brands c. Increase prices on one brand, decreasing it for the other d. Increase prices on one brand, keeping the prices of the second brand constant
Which of the following is most likely to be a reason for immigrants to become entrepreneurs in developing countries?
a. They usually hold government positions. b. They are poorer than the domestic population. c. They are risk-averse. d. They have skills and experience that are lacking in poor nations. e. They quickly assimilate to their new environment.
Which of the following does consumption rely on to provide goods and services:
A. Producers B. Consumers C. Owners D. Deciders