The marginal revenue curve for a perfectly competitive firm is

U.S. labor productivity had slowed down in the 1970s and 1980s, but recent data shows that labor productivity has once again increased in the country

a. True b. False Indicate whether the statement is true or false

As Bubba's Bubble Gum Company adds workers while using the same amount of machinery, some workers may be underutilized because they have little work to do while waiting in line to use the machinery. When this occurs, Bubba's Bubble Gum Company encounters

a. economies of scale. b. diseconomies of scale. c. increasing marginal product. d. diminishing marginal product.