Why, in the U.S., do professional soccer players command a far lower salary than professional baseball players?
A) Soccer is in much less demand.
B) Soccer costs less to manage and perform compared to baseball.
C) Soccer has yet to mature.
D) The baseball players prefer lobbied to keep soccer salaries low.
A
Economics
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Decision making "at the margin" means making a choice based on __________ of a decision
A) the total benefits B) the total costs C) comparing the total benefits and costs D) comparing the additional benefits and costs
Economics
After some point successive equal increases in a variable factor of production, when added to a fixed amount of inputs, will result in smaller increases in output. This is known as
A) the long run. B) the law of diminishing marginal product. C) marginal physical product. D) short run average cost.
Economics