Diminishing marginal product first sets in at the minimum point of the
a. ATC curve.
b. AVC curve.
c. AFC curve.
d. MC curve.
d
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Which of the following generation categories has the smallest population in the United States in 2015?
A) generation Y B) the baby boomers C) generation X D) the millennials
A movie at the movie theater is an example of a good that is
a. both non-rival and non-excludable b. both rival and excludable c. rival but non-excludable d. non-rival but excludable e. rival but whose consumption creates negative externalities
When business is profitable, corporate managers will prefer plowback to other sources of funding
a. True b. False Indicate whether the statement is true or false
Which of the following is a driving force underlying economic growth?
a. trade restrictions that protect domestic businesses from competition with foreign producers b. regulations that require businesses to obtain permission from the government before starting a new business c. tax increases that expand the revenues of the government d. entrepreneurial discovery and production of improved products