Refer to the table below. Marginal product is zero when the total product is:
The question is based on the following table that provides information on the production of a product that requires one variable input.
A. 0
B. 5
C. 56
D. 58
D. 58
Economics
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The long-run supply curve of a perfectly competitive market is a:
a. an upward rising step function. b. a downward sloping step function. c. a vertical line at the market price. d. a horizontal line at the market price.
Economics
Which of the following is not an example of a country's infrastructure?
a. Educational system b. Political system c. Communications system d. Transportation system
Economics