What is the relationship between the marginal product curve and the total product curve?
What will be an ideal response?
The marginal product curve is the slope of the total product curve. Thus, marginal product is positive as long as total product is rising.
Economics
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Game theory is most useful for analyzing
A) perfect competition. B) monopolistic competition. C) oligopoly. D) monopoly.
Economics
If the Fed wants to increase the value of the dollar, it will
A) sell foreign securities and buy dollars in international currency markets. B) buy foreign securities and sell dollars in international currency markets. C) buy foreign securities and also buy dollars in international currency markets. D) sell foreign securities and also sell dollars in international currency markets.
Economics