If the demand for softballs increases, one could expect the demand for leather to increase. This is attributable to the
A. opportunity cost of producing softballs.
B. marginal productivity principle.
C. reduction in the cost of production of softballs.
D. derived demand for an input.
Answer: D
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Finance companies
A) issue stock and use the proceeds to purchase bonds. B) raise funds in financial markets to lend to households and firms. C) raise funds from banks to lend to households and firms. D) issue bonds and use the proceeds to purchase stock.
If your state legislature passes legislation requiring motorcycle riders to wear helmets, then helmets are
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If a production function shows declining marginal product of an input as the quantity of the input increases, then the production function exhibits
a. diminishing profitability. b. increasing returns to scale. c. increasing marginal product. d. diminishing marginal product.