Compared to the situation before international trade, after the United States imports a good production in the United States ________ and consumption in the United States ________
A) increases; increases
B) increases; decreases
C) decreases; increases
D) decreases; decreases
C
Economics
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The table above gives production information for Bob's Baseball Cap Company. Bob's total cost when zero caps are produced is $200 and workers cost $10 per hour. The average total cost of producing 4 baseball hats per hour is
A) $1.67. B) $50.00. C) $52.50. D) More information is needed to answer the question.
Economics
Describe the relationship between marginal productivity and average productivity. Use calculus or a graph to support your answer
What will be an ideal response?
Economics