Average product will fall as long as
A) marginal product is falling.
B) it exceeds marginal product.
C) it is less than marginal product.
D) the number of workers is increasing.
B
You might also like to view...
People consume more soup as temperatures falls. So, as cold weather approaches,
A) the demand for soup increases. B) people move farther beyond their demand curves. C) the quantity of soup demanded increases. D) people move closer to their demand curve for sou
If the interest elasticity of money demand is -0.1, by what percent does money demand change if the nominal interest rate rises from 2% to 3%?
A) -0.1% B) 5% C) 0% D) -5%
Why has the value of ivory threatened the extinction of the elephant, whereas the value of beef has enhanced the survival of the cow?
a. Cows are a common resource, whereas elephants are owned by governments. b. Elephants are larger than cows, requiring more economic resources. c. Elephants live in Africa, where economic resources are scarce. d. Elephants are a common resource, whereas cows are privately owned.
An example of expansionary fiscal policy is
A) increasing government expenditures. B) increasing taxes. C) decreasing government expenditures. D) decreasing taxes. E) a and d