Assume the total product of two workers is 200 and the total product of three workers is 300. The three workers' average product is ________ while the third worker's marginal product is ________.

When a nation's national saving falls short of its domestic investment, it must be

A) experiencing a government budget surplus. B) experiencing a government deficit. C) a net lender to foreign nations. D) a net borrower from foreign nations.

Economies of scale are indicated by

A) declining long-run AVC. B) declining long-run AFC. C) declining long-run AC. D) declining long-run TC.