Discuss the main factors affecting the position of the DD schedule
What will be an ideal response?
The level of government demand, taxes, and investment; the domestic and foreign price levels; variations in domestic consumption behavior; and the foreign demand for home output.
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A corporation has legal status like an individual citizen
a. True b. False Indicate whether the statement is true or false
Espresso Yourself Coffee Shop hires workers in a competitive labor market to make coffee. The ingredients required to make each cup of coffee cost 50 cents. The coffee shop's hourly output of coffee varies with the number of workers hired, as shown in the table. Each cup of coffee sells for $2.00.Number ofworkersCoffee(cups/hour)00125245360470575 The marginal product of the third worker is ________ than the marginal product of the second worker, implying that ________.
A. greater; diminishing returns are absent B. neither greater nor less; the third worker will be hired C. less; the third worker will never be hired D. less; diminishing returns are present