For a perfectly competitive firm, as its output increases its marginal revenue ________ and its marginal cost ________
A) changes; changes
B) changes; does not change
C) does not change; changes
D) does not change; does not change
C
Economics
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Which of the following are human capital and physical capital, respectively?
a. for a brick layer: her bricks and her tools b. for a gas station: the pumps and the cash register c. for a restaurant: the chefs' knowledge about preparing food and the equipment in the kitchen d. for a medical office: the building and the doctors' knowledge of medicine
Economics
Most economists believe that the return of ________ during the 2007-2009 recession is a key reason why the recession was so severe
A) high tariffs B) financial instability C) rapid inflation D) high interest rates
Economics