Marginal revenue product equals the marginal physical product multiplied by the quantity demanded.
Answer the following statement true (T) or false (F)
False
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The table gives information about the economy of Japan. The economic growth rate in 1997 is ________ percent
A) 8.0 B) 0.8 C) 0.08 D) 0.008 E) 4
Discuss the Corn Laws and their purpose
What will be an ideal response?
Which of the following statements about international trade is true?
A) Potentially, a country can have absolute advantage in all goods. B) Potentially, a country can have relative advantage in all goods. C) After trade, countries tend to specialize in the production of those goods in which they enjoy absolute advantage. D) None of the above is true.
Which of the following represents the change in the capital stock?
A) consumption minus depreciation B) output minus depreciation C) investment minus saving D) investment minus depreciation