With a technological change that increases productivity, the average product curve ________ and the marginal product curve ________
A) shifts upward; is unchanged
B) is unchanged; is unchanged
C) is unchanged; shifts upward
D) shifts upward; shifts upward
D
Economics
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Toyota (a Japanese-based company) produces Tundras in the state of Texas. In which country’s GDP is it included?
A. Japan and the United States B. Japan because Toyota is a Japanese company C. The United States because that is where it was produced D. Neither country because it is sold internationally
Economics
Given the inverse demand function P(Q) = 250 - Q, what is the demand function?
A. Qd = D(P) = 250 - P B. Qd = D(P) = 250/P C. Qd = D(P) = P + 250 D. Qd = D(P) = 250 + P
Economics