To minimize costs, a firm should use more labor and less capital if the product derived from the last dollar spent on labor is ________ the product derived from the last dollar spent on capital.
A. greater than
B. equal to
C. less than
D. either greater than or less than
Answer: A
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SOEs refer to China's rapidly growing service sector
a. True b. False
Michael values a stainless steel refrigerator for his new house at $3,500, but he succeeds in buying one for $3,000 . Michael's willingness to pay is
a. $500. b. $3,000. c. $3,500. d. $6,500.
The grade distribution in this class will fit a bell curve as shown below. src="https://sciemce.com/media/4/ppg__rrrr0821190959__f1q42g2.jpg" alt="" style="vertical-align: 0.0px;" height="253" width="427" />
What will be an ideal response?
You have no knowledge of what your ability level is relative to the other students and you have no idea how hard the test will be for you. You could fall anywhere on the distribution as far as you know at this time. Now your professor makes you an offer. You have the opportunity to alter the grading brackets to make them anything you want. The only constraint is that the overall class GPA must not change from the 2.0 that is the present distribution. Sketch on the graph below your optimal distribution given these constraints and explain why you made any changes.
Refer to the graph below.
Which of the shifts explains what would happen to the production possibility curve if a cyclone destroys five major garment factories in the Philippines?
A. I B. II C. III D. IV