Refer to the above diagram. At output level Q :
A. marginal product is rising.
B. marginal product is negative.
C. marginal product is falling.
D. one cannot determine whether marginal product is falling or rising.
Answer: C
Economics
You might also like to view...
The European Economic and Monetary Union
A) set up a single currency and sole bank for European economic monetary policy. B) eliminated all barriers to trade such as tax differentials between borders. C) produced a single government for handling European affairs. D) created the Common Agricultural Pact. E) eliminated all local currencies in Western Europe.
Economics
GDP excludes: a. business purchases of investment goods, such as factories. b. government purchases of military equipment
c. the building of a new apartment complex. d. none of the above.
Economics