One reason why individuals with greater ability often receive higher wage rates is that they
a. face discrimination
b. have low marginal products
c. have high marginal revenue products
d. face diminishing marginal returns
e. often are employed in industries experiencing economies of scale
C
Economics
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Use the following table to answer this question, which provides information on the production of a product that requires one variable input.InputTotal Product00102002060030720408205090060980The average product of the 40th input item is
A. 100. B. 20.5. C. 10. D. 80.
Economics
The aggregate demand curve shows that at higher price levels the total quantity of output demanded is greater.
Answer the following statement true (T) or false (F)
Economics