In the early 1950s the two new factors that stimulated the United States' economy were ___________ and ____________.

Sam's Scarves has 2 knitting machines and employs 2 people. They produce 15 scarves a day. If the firm hires an additional person, the 3 workers can produce 19 scarves a day other things remaining the same

The market for scarves is perfectly competitive and the price of a scarf is $20. The value of marginal product of the third worker is ________. A) $80 B) $300 C) $380 D) 4 scarves

Since only a few firms dominate the oligopoly market, cutthroat competition does not exist

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