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At 36 units of labor, a firm finds that both average product of labor and marginal product of labor equal 42. We can conclude that the average product curve at 36 units of labor is
a. upward-sloping.
b. downward--sloping.
c. vertical.
d. horizontal.
Ilustrate what is the marginal propensity to consume (MPC).
Illustrates what the advantage of using capital in the production. Illustrate what is mean by the term division of labor.
q1. if the equilibrium level of aggregate expenditure is 80 billion as well as there is a reduction in consumption of 2
q1. suppose the parliament passes legislation making it more difficult for firms to fire workers e.g. law requiring
Compute the real GDP per person for this nation in 2001, in 2000 euros per person. Round your answer to the nearest euro.
1. What is the "middle-class squeeze"? 2. How do low unemployment rates mask the economic challenges people face in maintaining middle-class status?
What is economics? Why is economics considered a social science? What role does economics play in your personal and professional lives?
The principle of opportunity cost is that
Suppose that there are 150 houses in the community with 2,000 square feet (providing services that rent for $10,000 per year). The interest rate is 4% and with proper maintenance all of the houses will last forever. What property tax rate will be nec..
The purpose of this assessment is to understand the concept of full employment and analyze how frictional unemployment affects it. Assessment Description: Based on your understanding of full employment, Provide appropriate rationale to support your r..
Select the best description of zero-day vulnerabilities. Support your choice by describing why your choice is the best description.
Sidney makes $200 per week. She buys only two items: pizza and beer. The price of a pizza is $5 and the price of each beer is $2. What is the y-axis intercept for the above budget constraint? What is the x-axis intercept for the above budget constrai..
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