When the employees at Invigorate Corporation receive an across-the-board raise of 5 percent, the demand for dining at mid-priced restaurants increases 7 percent. The restaurants are an example of a(n) ______ good.

An initial leftward shift in labor demand often creates a cascading chain of events, amplifying the impact of the initial shock. This is known as the ________ effect

A) Veblen B) multiplier C) cluster D) rebound

When the average product is at its maximum,

A) the marginal product is increasing as output increases. B) the marginal product is negative. C) it is equal to the marginal product. D) total product is also at its maximum. E) total product is at its minimum.