The ________ in output due to each additional unit of a factor of production is ________ when other factors are held constant
A) increase; smaller B) decrease; larger C) increase; larger D) decrease; smaller
A
Economics
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What is "rent seeking?" How does it apply to restricting imports?
What will be an ideal response?
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The marginal revenue that would be derived from producing a fourth unit of output is
A. $20.
B. $16.
C. $12.
D. $8.
Economics
Suppose that the number of units of good A consumed falls 12 percent when the price of good B falls 8 percent. The cross price elasticity of demand between goods A and B is
A) 0.66. B) 1.75. C) 2.0. D) 1.5.
Economics
How do the fluctuations in the exchange rate influence the domestic price level?
Economics