How does the creation of a successful movie influence what, how, and for whom goods and services are produced?

What will be an ideal response?

The "what" question is affected in two ways. First, one good or service that is produced is the successful movie. Second, spinoffs (Iron Man II) and/or similar films likely will be created in the future. The "how" question is affected to the extent that movies use different production methods. Some movies, for instance, have a lot of special effects while other movies have few or none. The "for whom" question is influenced because those people who, as the result of the blockbuster movie, have higher incomes so that more goods and services are produced for them.

Economics

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For a competitive firm the marginal revenue product of labor is usually downward sloping

What will be an ideal response?

Economics

Greenhouse gases arise from

A. the combustion of carbon-based fossil fuels. B. the chemicals that are used in agriculture. C. rising global temperatures. D. the use of toxic household cleansers.

Economics