Diminishing marginal returns always sets in with the hiring of the first worker.
Answer the following statement true (T) or false (F)
False
You might also like to view...
An import quota on a product reduces the quantity of the product imported and
A. will not affect the price of the product to the consumers. B. increases the price of the product to the consumers. C. decreases the price of the product to the consumers. D. increases the total quantity of the product consumed.
President Obama has proposed a goal that everyone complete at least one year of formal education or training beyond high school. This policy would
A) increase human capital and increase economic growth. B) increase physical capital and increase economic growth. C) increase financial capital and increase economic growth. D) eliminate opportunity costs and increase economic growth.
According to the rule of 72, if you have $15,000 in an account that grows at the rate of 12 percent annually, it will take approximately six years for the $15,000 to double to $30,000
a. True b. False Indicate whether the statement is true or false
Which of the following is a source of information that helps consumers acquire information about the quality of a good or service?
a. brand names b. franchising c. consumer ratings magazines d. all of the above