As the usage of an input increases, marginal product:
A. initially decreases then begins to increase.
B. consistently decreases.
C. initially increases then begins to decline.
D. consistently increases.
Answer: C
You might also like to view...
If a corporation's retained earnings are expected to create future profits, the market price of the firm's stock will ________ and create a ________ for stockholders if the stock is sold
A) decrease; capital gain B) decrease; loss of wealth C) increase; loss of wealth D) increase; capital gain
Which of the following is an example of a cash outflow from a financing activity?
A. Sale of an intangible asset B. Purchase of treasury shares C. Issuance of bonds D. Distribution of stock dividends
45° line diagrams show how
A. investment varies with income. B. expenditures vary with income. C. investment spending rises when GDP rises. D. GDP is affected by government purchases.
Traditional economic models highlight social dimensions of economic problems.
Answer the following statement true (T) or false (F)