Marginal physical product measures the increase in total output that results from a one-unit increase in an input.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Which of the following statements is correct?
A) When a line slopes downwards moving to the right, the variable measured on the x-axis and the variable measured on the y-axis are directly related. B) When a line slopes upwards moving to the right, the variable measured on the x-axis and the variable measured on the y-axis are directly related. C) The higher the temperature, the more ice cream people consume. Thus the temperature and ice cream consumption are inversely related. D) If two variables are directly related, a graph of the two variables has a negative slope. E) None of the above statements is correct.
The accumulation of money that a government has borrowed over time but has not yet paid back is a: a. government outlay. b. government debt
c. government deficit. d. government surplus.
A major attraction of the flat tax is its simplicity.
Answer the following statement true (T) or false (F)
If gas prices today were $2.00 per gallon, in terms of history, this would be
A. not an all-time high but rather high in inflation-adjusted terms. B. an all-time high in nominal terms. C. about the long-inflation-adjusted term historical average in inflation-adjusted terms. D. an all-time high in inflation-adjusted terms.