A farm is able to produce 5,000 bushels of peaches per season on 100 acres. Assume it adds one more acre and is able to produce 6,000 bushels per season. The marginal product of the additional acre of land for this farm is:

The original maturity on U.S. Treasury bills is between

A) three months and six months. B) one and ten years. C) six months and three years. D) ten and thirty years.

For a natural monopoly to exist

A) a firm must continually buy up its rivals. B) a firm's long-run average cost curve must exhibit diseconomies of scale beyond the economically efficient output level. C) a firm's long-run average cost curve must exhibit economies of scale throughout the relevant range of market demand. D) a firm must have a government-imposed barrier.