McDonalds kept its U.S.-based menu when entering the Chinese market

Changes in the macroeconomy, such as an increase in average per person income, can have effects at the microeconomic level, for example, on the profitability of firms in a particular industry

Indicate whether the statement is true or false

If the single-input producer choice set is convex, the marginal product of labor curve must have a negative slope that is getting steeper with increases in labor input.

Answer the following statement true (T) or false (F)