Based on the figure above, the firm's marginal product curve slopes upward at levels of output between ________ and the firm's average product curve slopes upward at levels of output between ________
A) 4.0 and 7.0; 4.0 and 7.0
B) 0 and 7.0; 4.0 and 7.0
C) 4.0 and 7.0; 0 and 4.0
D) 0 and 4.0; 0 and 7.0
E) More information is needed to answer the question.
D
Economics
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Pay-as-you-go social security
A) can never improve economic welfare for everyone. B) can improve welfare for everyone if the population growth rate is large enough. C) is always inefficient. D) is not used by any countries in the world.
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Billy is considering the purchase of a rental house. The house costs $240,000 and it will generate annual revenues of $15,000 and annual expenses of $3,000. What is the internal rate of return of this investment?
A) 5% B) 7.5% C) 3.75% D) 24%
Economics