What is most likely to occur in an industry based on decreasing returns?
a. what you earn on your marginal product declines as volume of output increases
b. what you earn on your marginal product increases as volume of output increases
c. what you earn on your marginal product declines as network externalities increase
d. what you earn on your marginal product increase as network externalities increase
a
Business
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Assume price and demand are related by the following function: v = 100 - 2.5p. If fixed cost = $5000 and variable cost = $10, then the expression for profit is ________
Fill in the blank with correct word.
Business
A study showed that when the weather is inclement, there is a tendency for the productivity of people who work inside to actually increase
Indicate whether the statement is true or false
Business