In the short run, the marginal-revenue product curve is ________ because of ________.
A. downward sloping; diminishing returns
B. upward sloping; increasing returns
C. downward sloping; increasing returns
D. upward sloping; diminishing returns
Answer: A
Economics
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All of the following were provisions of the 2009 American Reinvestment and Recovery Act except
A) a temporary extension of unemployment benefits. B) expanded tax credits for parents for their children's college tuition. C) a reduction in government-funded infrastructure spending. D) a reduction in employees' payroll tax contributions.
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Explain why there is a direct relationship between price and quantity supplied
What will be an ideal response?
Economics