Based on the above figure, at which level of output does diminishing marginal returns first occur at Ike's Ice Cream Kitchen?

Can unions increase productivity? Explain

What will be an ideal response?

Which of the following is the best definition of economics?

a. Economics is the study of how to manage corporations to generate the greatest return on shareholder investment. b. Economics is the study of how to manage city and country government to generate the greatest good to its citizens. c. Economics is the study of how society chooses to allocate its scarce resources. d. Economics is the study of how to track revenues and costs within a business.