A technological change that increases productivity ________ marginal product and ________ marginal cost

A) increases; increases
B) increases; decreases
C) decreases; increases
D) decreases; decreases

B

Economics

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Suppose the cost of producing two goods, x and y, can be represented as C = ax + by + cxy. If the measure of economies of scope, SC, is zero, then which of the following must be TRUE?

A) a = b B) a + b = -c C) c = 0 D) a = -b

Economics

In 2007, as stock prices in general were falling, many investors began switching their funds into purchasing bonds. Surveys suggest that many of these investors did not understand the basic relationship between bond prices and interest rates. Using a numerical example, illustrate how an increase in the demand for bonds would affect the interest rate paid on bonds

Economics