Refer to the information provided in Figure 7.4 below to answer the question(s) that follow. 
Figure 7.4Refer to Figure 7.4. The average product with six workers is
A. -8.33.
B. -5.
C. 5.
D. 8.33.
Answer: D
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Though the countries can benefit by completely specializing in the production of the good in which they have comparative advantage, in real world however, they do not completely specialize
a. True b. False Indicate whether the statement is true or false
Firms in an oligopoly
A) act independently. B) engage in strategic behavior. C) have perfect knowledge of the behavior of others. D) openly collude.
Economic growth and development in LDCs are low because many of them lack:
a. saving. b. infrastructure. c. a political environment favorable to growth. d. All of the answers are correct.
Engineers for The Giffen Record Company have determined that a 35% increase in all compact disc inputs will cause a 45% increase in output. Assuming that input prices remain constant, you correctly deduce that such a change will cause ________ as output increases.
A. average costs to increase B. average costs to remain constant C. average costs to decrease D. marginal costs to increase