Refer to the table below. With the addition of the second unit of input, the marginal product is:
The question is based on the following table that provides information on the production of a product that requires one variable input.
A. 15 and the average product is 20
B. 25 and the average product is 10
C. 15 and the average product is 10
D. 10 and the average product is 15
C. 15 and the average product is 10
Economics
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Which of the following is NOT an operating instrument?
A) nonborrowed reserves B) monetary base C) federal funds interest rate D) discount rate
Economics
Given the quantity theory of money demand, a doubling of the money supply will lead to a
A) halving of the velocity of money. B) doubling of the level of real output. C) doubling of the level of nominal output. D) rise in the level of interest rates.
Economics